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

Monarch ProCap Index ETF (BATS:MPRO) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 884 shares, a drop of 76.9% from the August 15th total of 3,835 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 27,311 shares, the days-to-cover ratio is currently 0.0 days.

Monarch ProCap Index ETF Stock Up 0.3%

BATS MPRO opened at $32.06 on Friday. The company’s 50 day moving average is $32.56 and its 200-day moving average is $32.33. Monarch ProCap Index ETF has a 12-month low of $30.17 and a 12-month high of $32.99. The firm has a market cap of $269.30 million, a P/E ratio of 24.22 and a beta of 0.55.

Monarch ProCap Index ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1435 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.57 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Monarch ProCap Index ETF’s previous quarterly dividend of $0.09.

Institutional Investors Weigh In On Monarch ProCap Index ETF

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new position in Monarch ProCap Index ETF (BATS:MPRO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for approximately 0.0% of Premier Financial Group’s 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.