Monarch Ambassador Income Index ETF (BATS:MAMB) Sees Significant Decline in Short Interest

Monarch Ambassador Income Index ETF (BATS:MAMB – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,967 shares, a decrease of 78.7% from the September 30th total of 13,924 shares. Based on an average daily volume of 22,367 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Monarch Ambassador Income Index ETF

An institutional investor recently bought a new stake in Monarch Ambassador Income Index ETF stock. Root Financial Partners LLC purchased a new position in shares of Monarch Ambassador Income Index ETF (BATS:MAMB – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,748 shares of the company’s stock, valued at approximately $155,000. Root Financial Partners LLC owned 0.12% of Monarch Ambassador Income Index ETF as of its most recent SEC filing.

Monarch Ambassador Income Index ETF Stock Performance

MAMB stock opened at $23.41 on Thursday. Monarch Ambassador Income Index ETF has a 52-week low of $22.79 and a 52-week high of $24.83. The stock’s fifty day simple moving average is $23.49 and its 200-day simple moving average is $24.02.

Monarch Ambassador Income Index ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were given a dividend of $0.1617 per share. This represents a $0.65 annualized dividend and a yield of 2.8%. This is a drop from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.1633. The ex-dividend date was Thursday, September 24th.

About Monarch Ambassador Income Index ETF

(Get Free Report)

The Monarch Ambassador Income ETF (MAMB) is an exchange-traded fund that is based on the Kingsview Ambassador Income index. The fund tracks an index that consists of mainly global fixed income ETFs, plus an alternative sleeve. Constituents are selected and weighted based on the economic cycle. MAMB was launched on Mar 23, 2021 and is managed by Monarch.

See Also

Receive News & Ratings for Monarch Ambassador Income Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Ambassador Income Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.