Monarch ProCap Index ETF (BATS:MPRO) Sees Significant Drop in Short Interest

Monarch ProCap Index ETF (BATS:MPROGet Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 884 shares, a drop of 76.9% from the August 15th total of 3,835 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 27,311 shares, the days-to-cover ratio is currently 0.0 days.

Monarch ProCap Index ETF Stock Up 0.3%

BATS MPRO opened at $32.06 on Friday. The company’s 50 day moving average is $32.56 and its 200-day moving average is $32.33. Monarch ProCap Index ETF has a 12-month low of $30.17 and a 12-month high of $32.99. The firm has a market cap of $269.30 million, a P/E ratio of 24.22 and a beta of 0.55.

Monarch ProCap Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1435 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.57 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Monarch ProCap Index ETF’s previous quarterly dividend of $0.09.

Institutional Investors Weigh In On Monarch ProCap Index ETF

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new position in Monarch ProCap Index ETF (BATS:MPROFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for approximately 0.0% of Premier Financial Group’s portfolio, making the stock its 23rd largest position.

Monarch ProCap Index ETF Company Profile

(Get Free Report)

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.

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