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

Monarch Dividend Plus Index ETF (BATS:MDPL) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,898 shares, a growth of 283.8% from the July 15th total of 3,621 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 11,831 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Monarch Dividend Plus Index ETF

An institutional investor recently raised its position in Monarch Dividend Plus Index ETF stock. Kingsview Wealth Management LLC boosted its position in Monarch Dividend Plus Index ETF (BATS:MDPL) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,059,198 shares of the company’s stock after acquiring an additional 8,830 shares during the period. Monarch Dividend Plus Index ETF accounts for about 0.8% of Kingsview Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Kingsview Wealth Management LLC owned approximately 97.13% of Monarch Dividend Plus Index ETF worth $55,269,000 at the end of the most recent reporting period.

Monarch Dividend Plus Index ETF Stock Performance

MDPL opened at $30.21 on Friday. The company has a fifty day moving average price of $26.70 and a two-hundred day moving average price of $26.47. Monarch Dividend Plus Index ETF has a 1-year low of $24.46 and a 1-year high of $30.21. The company has a market cap of $65.86 million, a P/E ratio of 12.20 and a beta of 0.69.

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.