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

Monarch ProCap Index ETF (BATS:MPRO) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 24,675 shares, an increase of 1,263.3% from the June 15th total of 1,810 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Monarch ProCap Index ETF Stock Performance

MPRO traded up $0.08 during trading on Friday, hitting $32.65. 25,561 shares of the stock were exchanged, compared to its average volume of 23,778. The firm has a 50 day simple moving average of $32.50 and a 200 day simple moving average of $31.97. The firm has a market cap of $274.26 million, a price-to-earnings ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a 1 year low of $29.48 and a 1 year high of $32.89.

Institutional Trading of Monarch ProCap Index ETF

A hedge fund recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group bought a new stake in shares of Monarch ProCap Index ETF (BATS:MPRO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for about 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd largest position.

Monarch ProCap Index ETF Company Profile

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.