Short Interest in Monarch ProCap Index ETF (BATS:MPRO) Grows By 111.2%

Monarch ProCap Index ETF (BATS:MPRO) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 33,631 shares, a growth of 111.2% from the July 15th total of 15,921 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 17,499 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On Monarch ProCap Index ETF

An institutional investor recently bought a new stake in Monarch ProCap Index ETF stock. Premier Financial Group acquired a new stake in shares of Monarch ProCap Index ETF (BATS:MPRO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for approximately 0.0% of Premier Financial Group’s holdings, making the stock its 23rd largest position.

Monarch ProCap Index ETF Price Performance

BATS MPRO opened at $32.67 on Friday. The company’s 50 day simple moving average is $32.62 and its two-hundred day simple moving average is $32.26. Monarch ProCap Index ETF has a 1 year low of $30.02 and a 1 year high of $32.99. The stock has a market capitalization of $274.43 million, a PE ratio of 24.22 and a beta of 0.55.

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.