Short Interest in Monarch ProCap Index ETF (BATS:MPRO) Declines By 98.8%

Monarch ProCap Index ETF (BATS:MPRO) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 364 shares, a drop of 98.8% from the April 30th total of 29,411 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,979 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group bought a new stake in Monarch ProCap Index ETF (BATS:MPRO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for about 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd biggest position.

Monarch ProCap Index ETF Price Performance

BATS MPRO opened at $32.57 on Thursday. The firm’s fifty day moving average price is $31.96 and its 200 day moving average price is $31.57. The company has a market capitalization of $273.59 million, a price-to-earnings ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a 12 month low of $29.02 and a 12 month high of $32.76.

About Monarch ProCap Index ETF

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.