Short Interest in Monarch Dividend Plus Index ETF (BATS:MDPL) Rises By 283.8%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,898 shares, a growth of 283.8% from the July 15th total of 3,621 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 11,831 shares, the short-interest ratio is presently 1.2 days.

Monarch Dividend Plus Index ETF Price Performance

BATS MDPL opened at $29.91 on Thursday. The stock has a market capitalization of $65.20 million, a PE ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 1 year low of $24.46 and a 1 year high of $29.91. The business’s 50-day moving average is $26.62 and its 200 day moving average is $26.45.

Institutional Investors Weigh In On 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 Form 13F filing with the SEC. The firm owned 21,922 shares of the company’s stock after buying an additional 821 shares during the period. Goldman Sachs Group Inc. owned 1.03% of Monarch Dividend Plus Index ETF worth $588,000 as of its most recent SEC filing.

Monarch Dividend Plus Index ETF Company Profile

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.