Monarch ProCap Index ETF (BATS:MPRO) Short Interest Down 76.9% in August

Monarch ProCap Index ETF (BATS:MPRO) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 884 shares, a decline of 76.9% from the August 15th total of 3,835 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 27,311 shares, the days-to-cover ratio is currently 0.0 days.

Monarch ProCap Index ETF Stock Performance

Shares of MPRO stock opened at $32.06 on Friday. Monarch ProCap Index ETF has a 52 week low of $30.17 and a 52 week high of $32.99. The stock has a market capitalization of $269.30 million, a PE ratio of 24.22 and a beta of 0.55. The stock’s fifty day moving average is $32.56 and its 200-day moving average is $32.33.

Monarch ProCap Index ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.1435 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.57 dividend on an annualized basis and a yield of 1.8%. This is an increase from Monarch ProCap Index ETF’s previous quarterly dividend of $0.09.

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 purchased a new stake in shares of Monarch ProCap Index ETF (BATS:MPRO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF comprises about 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd biggest holding.

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.