Monarch Dividend Plus Index ETF (BATS:MDPL) Sees Large Decrease in Short Interest

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,023 shares, a decrease of 90.2% from the August 15th total of 10,486 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,723 shares, the days-to-cover ratio is currently 0.2 days.

Monarch Dividend Plus Index ETF Price Performance

BATS:MDPL traded down $0.08 during trading hours on Thursday, hitting $29.18. The company had a trading volume of 8,870 shares, compared to its average volume of 11,495. The stock has a 50-day moving average price of $28.57 and a 200 day moving average price of $26.89. The company has a market capitalization of $63.61 million, a PE ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 52 week low of $24.46 and a 52 week high of $31.17.

Monarch Dividend Plus Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0885 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.35 annualized dividend and a dividend yield of 1.2%. This is a positive change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.08.

Hedge Funds Weigh In On Monarch Dividend Plus Index ETF

A hedge fund recently raised its position in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. boosted its stake in Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,922 shares of the company’s stock after buying an additional 821 shares during the period. Goldman Sachs Group Inc. owned 1.03% of Monarch Dividend Plus Index ETF worth $588,000 at the end of the most recent reporting period.

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.