Monarch ProCap Index ETF (BATS:MPRO) Short Interest Up 749.7% in May

Monarch ProCap Index ETF (BATS:MPRO) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,093 shares, an increase of 749.7% from the May 14th total of 364 shares. Based on an average daily trading volume, of 18,255 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group acquired a new stake in Monarch ProCap Index ETF (BATS:MPRO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd biggest position.

Monarch ProCap Index ETF Trading Up 0.5%

Shares of BATS MPRO opened at $32.50 on Wednesday. The stock has a market cap of $273 million, a P/E ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a twelve month low of $29.25 and a twelve month high of $32.76. The stock has a 50 day moving average of $32.16 and a two-hundred day moving average of $31.69.

About Monarch ProCap Index ETF

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.