Short Interest in Monarch Dividend Plus Index ETF (BATS:MDPL) Drops By 99.8%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 75 shares, a decrease of 99.8% from the April 30th total of 36,003 shares. Based on an average daily volume of 7,498 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Monarch Dividend Plus Index ETF Stock Performance

Shares of MDPL traded down $0.07 during midday trading on Wednesday, hitting $26.16. 16,487 shares of the company traded hands, compared to its average volume of 10,465. The firm has a 50 day moving average of $25.97 and a 200-day moving average of $26.51. The stock has a market cap of $57.03 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 52 week low of $25.05 and a 52 week high of $28.15.

Institutional Trading of Monarch Dividend Plus Index ETF

A hedge fund recently raised its stake in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. grew its holdings in shares of Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,922 shares of the company’s stock after buying an additional 821 shares during the quarter. Goldman Sachs Group Inc. owned 1.03% of Monarch Dividend Plus Index ETF worth $588,000 at the end of the most recent reporting period.

About Monarch Dividend Plus Index ETF

The Monarch Dividend Plus Index ETF (MDPL) is an exchange-traded fund that is based on the Monarch Dividend Plus index. MPDL tracks an equal-weighted index of 30 dividend-paying stocks that are expected to provide dividend income and capital appreciation. MDPL was launched on Mar 6, 2024 and is issued by Monarch.