Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,288 shares, an increase of 432.9% from the September 30th total of 1,180 shares. Based on an average daily volume of 11,496 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.
Institutional Trading of Monarch Volume Factor Dividend Tree Index ETF
A hedge fund recently bought a new stake in Monarch Volume Factor Dividend Tree Index ETF stock. Root Financial Partners LLC bought a new stake in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,381 shares of the company’s stock, valued at approximately $161,000. Root Financial Partners LLC owned approximately 0.20% of Monarch Volume Factor Dividend Tree Index ETF as of its most recent SEC filing.
Monarch Volume Factor Dividend Tree Index ETF Stock Down 0.1%
MVFD stock opened at $33.02 on Tuesday. The business’s 50-day moving average is $31.44 and its two-hundred day moving average is $30.50. Monarch Volume Factor Dividend Tree Index ETF has a 1 year low of $26.67 and a 1 year high of $33.43.
Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were given a dividend of $0.0847 per share. This is a drop from Monarch Volume Factor Dividend Tree Index ETF’s previous quarterly dividend of $0.1130. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 24th.
Monarch Volume Factor Dividend Tree Index ETF Company Profile
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.
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