Short Interest in Monarch Dividend Plus Index ETF (BATS:MDPL) Rises By 239.2%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,398 shares, a growth of 239.2% from the May 31st total of 707 shares. Based on an average daily volume of 9,871 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Monarch Dividend Plus Index ETF Price Performance

MDPL stock opened at $24.98 on Monday. The company’s 50-day moving average is $26.04 and its 200-day moving average is $26.50. The stock has a market capitalization of $54.46 million, a PE ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 1 year low of $24.46 and a 1 year high of $28.15.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. grew its position in shares of Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,922 shares of the company’s stock after acquiring an additional 821 shares during the quarter. Goldman Sachs Group Inc. owned about 1.03% of Monarch Dividend Plus Index ETF worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Monarch Dividend Plus Index ETF Company Profile

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.