Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Stock Short Interest Drops 85.1%

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 570 shares, a decrease of 85.1% from the August 31st total of 3,828 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,731 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Monarch Volume Factor Dividend Tree Index ETF stock. Envestnet Asset Management Inc. grew its position in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,530 shares of the company’s stock after purchasing an additional 2,369 shares during the period. Envestnet Asset Management Inc. owned approximately 2.01% of Monarch Volume Factor Dividend Tree Index ETF worth $1,635,000 as of its most recent SEC filing.

Monarch Volume Factor Dividend Tree Index ETF Stock Performance

BATS MVFD traded down $0.09 during mid-day trading on Friday, hitting $30.41. The stock had a trading volume of 3,244 shares, compared to its average volume of 11,527. The company has a 50 day simple moving average of $31.19 and a 200 day simple moving average of $30.38. Monarch Volume Factor Dividend Tree Index ETF has a 52-week low of $26.00 and a 52-week high of $32.06.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.0847 per share. This is a negative change from Monarch Volume Factor Dividend Tree Index ETF’s previous quarterly dividend of $0.1130. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.1%.

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.