Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Short Interest Up 62.1% in May

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 15,223 shares, an increase of 62.1% from the May 14th total of 9,393 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 4,747 shares, the short-interest ratio is currently 3.2 days.

Hedge Funds Weigh In On Monarch Volume Factor Dividend Tree Index ETF

An institutional investor recently bought a new position in Monarch Volume Factor Dividend Tree Index ETF stock. West Michigan Advisors LLC bought a new position in shares of Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,648 shares of the company’s stock, valued at approximately $216,000. West Michigan Advisors LLC owned approximately 0.25% of Monarch Volume Factor Dividend Tree Index ETF at the end of the most recent quarter.

Monarch Volume Factor Dividend Tree Index ETF Trading Down 1.6%

MVFD stock opened at $30.54 on Tuesday. The stock has a 50-day moving average price of $30.21 and a two-hundred day moving average price of $29.83. Monarch Volume Factor Dividend Tree Index ETF has a 1 year low of $25.40 and a 1 year high of $31.86.

Monarch Volume Factor Dividend Tree Index ETF Company Profile

The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.