Monarch Dividend Plus Index ETF (BATS:MDPL) Short Interest Up ∞ in July

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,621 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 27,470 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Monarch Dividend Plus Index ETF

An institutional investor recently raised its position in Monarch Dividend Plus Index ETF stock. Kingsview Wealth Management LLC raised its holdings in Monarch Dividend Plus Index ETF (BATS:MDPL) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,059,198 shares of the company’s stock after purchasing an additional 8,830 shares during the quarter. Monarch Dividend Plus Index ETF comprises approximately 0.8% of Kingsview Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Kingsview Wealth Management LLC owned about 97.13% of Monarch Dividend Plus Index ETF worth $55,269,000 as of its most recent SEC filing.

Monarch Dividend Plus Index ETF Stock Up 0.8%

MDPL stock traded up $0.23 during midday trading on Wednesday, hitting $28.45. The company’s stock had a trading volume of 6,841 shares, compared to its average volume of 12,293. The firm has a 50-day simple moving average of $26.05 and a 200-day simple moving average of $26.37. The firm has a market capitalization of $62.02 million, a P/E ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 52-week low of $24.46 and a 52-week high of $28.47.

Monarch Dividend Plus Index ETF Company Profile

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.