Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Short Interest Up 183.9% in June

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 43,212 shares, a growth of 183.9% from the May 31st total of 15,223 shares. Based on an average daily volume of 16,877 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.6% of the shares of the company are short sold.

Monarch Volume Factor Dividend Tree Index ETF Stock Performance

MVFD stock opened at $29.82 on Tuesday. Monarch Volume Factor Dividend Tree Index ETF has a 52 week low of $25.42 and a 52 week high of $31.86. The firm’s 50-day moving average is $30.30 and its two-hundred day moving average is $29.93.

Institutional Investors Weigh In On Monarch Volume Factor Dividend Tree Index ETF

An institutional investor recently raised its position in Monarch Volume Factor Dividend Tree Index ETF stock. Kingsview Wealth Management LLC lifted its stake in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,897,902 shares of the company’s stock after purchasing an additional 136,287 shares during the quarter. Monarch Volume Factor Dividend Tree Index ETF accounts for about 1.2% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. Kingsview Wealth Management LLC owned 95.33% of Monarch Volume Factor Dividend Tree Index ETF worth $81,699,000 as of its most recent filing with the Securities & Exchange Commission.

About Monarch Volume Factor Dividend Tree Index ETF

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.