Monarch Ambassador Income Index ETF (BATS:MAMB) Sees Large Growth in Short Interest

Monarch Ambassador Income Index ETF (BATS:MAMB) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 5,998 shares, a growth of 102.2% from the October 15th total of 2,967 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 41,389 shares, the short-interest ratio is presently 0.1 days.

Monarch Ambassador Income Index ETF Stock Performance

Shares of BATS:MAMB traded down $0.07 during trading on Friday, reaching $23.20. 21,780 shares of the company traded hands, compared to its average volume of 28,452. The company’s 50 day moving average is $23.37 and its two-hundred day moving average is $23.97. Monarch Ambassador Income Index ETF has a 52 week low of $22.79 and a 52 week high of $24.83.

Monarch Ambassador Income Index ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were given a $0.1617 dividend. The ex-dividend date was Thursday, September 24th. This is a decrease from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.1633. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Monarch Ambassador Income Index ETF stock. Root Financial Partners LLC acquired a new position in shares of Monarch Ambassador Income Index ETF (BATS:MAMB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,748 shares of the company’s stock, valued at approximately $155,000. Root Financial Partners LLC owned 0.12% of Monarch Ambassador Income Index ETF as of its most recent SEC filing.

Monarch Ambassador Income Index ETF Company Profile

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.