Short Interest in Monarch Ambassador Income Index ETF (BATS:MAMB) Decreases By 68.9%

Monarch Ambassador Income Index ETF (BATS:MAMB) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 2,275 shares, a decrease of 68.9% from the August 15th total of 7,322 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 23,460 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Monarch Ambassador Income Index ETF stock. Premier Financial Group purchased a new position in shares of Monarch Ambassador Income Index ETF (BATS:MAMB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,937 shares of the company’s stock, valued at approximately $70,000. Monarch Ambassador Income Index ETF makes up 0.0% of Premier Financial Group’s portfolio, making the stock its 28th biggest holding. Premier Financial Group owned about 0.05% of Monarch Ambassador Income Index ETF at the end of the most recent quarter.

Monarch Ambassador Income Index ETF Trading Down 0.0%

Shares of Monarch Ambassador Income Index ETF stock opened at $23.58 on Friday. Monarch Ambassador Income Index ETF has a 52 week low of $23.20 and a 52 week high of $24.83. The firm’s 50 day moving average is $23.84 and its two-hundred day moving average is $24.12.

Monarch Ambassador Income Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1633 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 25th. This is a positive change from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.09.

About Monarch Ambassador Income Index ETF

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.