Monarch Dividend Plus Index ETF (BATS:MDPL) Sees Significant Drop in Short Interest

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 107 shares, a decrease of 89.8% from the September 30th total of 1,049 shares. Based on an average daily volume of 3,605 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Monarch Dividend Plus Index ETF Stock Performance

Shares of Monarch Dividend Plus Index ETF stock traded down $0.05 during midday trading on Monday, reaching $30.36. 4,070 shares of the company’s stock traded hands, compared to its average volume of 10,574. The company has a market cap of $66.18 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. The company’s 50 day simple moving average is $29.33 and its 200 day simple moving average is $27.50. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.0847 per share. This represents a $0.34 annualized dividend and a yield of 1.1%. This is a decrease from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. The ex-dividend date was Thursday, September 24th.

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.