Monarch Dividend Plus Index ETF (BATS:MDPL) Short Interest Up 842.7% in May

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

Hedge Funds Weigh In On Monarch Dividend Plus Index ETF

A hedge fund recently raised its stake in Monarch Dividend Plus Index ETF stock. Kingsview Wealth Management LLC grew its holdings in Monarch Dividend Plus Index ETF (BATS:MDPL) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,059,198 shares of the company’s stock after acquiring an additional 8,830 shares during the period. Monarch Dividend Plus Index ETF comprises 0.8% of Kingsview Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Kingsview Wealth Management LLC owned about 97.13% of Monarch Dividend Plus Index ETF worth $55,269,000 as of its most recent SEC filing.

Monarch Dividend Plus Index ETF Stock Down 0.7%

Shares of BATS:MDPL opened at $26.15 on Thursday. Monarch Dividend Plus Index ETF has a 52-week low of $25.05 and a 52-week high of $28.15. The stock has a market cap of $57.01 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. The business has a 50-day moving average price of $26.15 and a 200-day moving average price of $26.56.

About Monarch Dividend Plus Index ETF

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.