Monarch ProCap Index ETF (BATS:MPRO) Short Interest Down 88.6% in August

Monarch ProCap Index ETF (BATS:MPRO) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,835 shares, a decrease of 88.6% from the July 30th total of 33,631 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,019 shares, the days-to-cover ratio is currently 0.2 days.

Monarch ProCap Index ETF Price Performance

Shares of BATS MPRO traded up $0.11 during trading on Tuesday, reaching $32.80. 5,338 shares of the stock traded hands, compared to its average volume of 24,372. The stock has a market capitalization of $275.52 million, a P/E ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a 52-week low of $30.06 and a 52-week high of $32.99. The company has a 50-day moving average of $32.63 and a 200-day moving average of $32.31.

Hedge Funds Weigh In On Monarch ProCap Index ETF

A hedge fund recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group bought a new position in Monarch ProCap Index ETF (BATS:MPRO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF makes up approximately 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd largest position.

Monarch ProCap Index ETF Company Profile

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.