Monarch Ambassador Income Index ETF (BATS:MAMB) Sees Significant Increase in Short Interest

Monarch Ambassador Income Index ETF (BATS:MAMB) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 71,705 shares, a growth of 613.4% from the April 15th total of 10,051 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 59,458 shares, the short-interest ratio is currently 1.2 days.

Monarch Ambassador Income Index ETF Stock Performance

Shares of MAMB stock traded up $0.09 during trading on Wednesday, reaching $24.35. 511 shares of the company’s stock traded hands, compared to its average volume of 29,783. The firm’s 50-day moving average is $24.29 and its 200 day moving average is $24.23. Monarch Ambassador Income Index ETF has a 1 year low of $22.52 and a 1 year high of $24.83.

Hedge Funds Weigh In On Monarch Ambassador Income Index ETF

An institutional investor recently bought a new position in Monarch Ambassador Income Index ETF stock. Premier Financial Group purchased a new stake in Monarch Ambassador Income Index ETF (BATS:MAMB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 investment 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 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.