Short Interest in Monarch Dividend Plus Index ETF (BATS:MDPL) Increases By 842.7%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 707 shares, a growth of 842.7% from the May 14th total of 75 shares. Based on an average trading volume of 12,465 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Monarch Dividend Plus Index ETF Stock Performance

Shares of BATS:MDPL opened at $26.10 on Friday. Monarch Dividend Plus Index ETF has a 52-week low of $25.05 and a 52-week high of $28.15. The firm has a market capitalization of $56.90 million, a P/E ratio of 12.20 and a beta of 0.69. The stock has a 50 day moving average price of $26.15 and a 200-day moving average price of $26.57.

Institutional Trading of Monarch Dividend Plus Index ETF

An institutional investor recently raised its position in Monarch Dividend Plus Index ETF stock. Kingsview Wealth Management LLC raised its holdings in shares of Monarch Dividend Plus Index ETF (BATS:MDPL) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,059,198 shares of the company’s stock after purchasing an additional 8,830 shares during the period. Monarch Dividend Plus Index ETF makes up about 0.8% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Kingsview Wealth Management LLC owned 97.13% of Monarch Dividend Plus Index ETF worth $55,269,000 at the end of the most recent quarter.

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.