Monarch ProCap Index ETF (BATS:MPRO) Short Interest Down 35.5% in July

Monarch ProCap Index ETF (BATS:MPRO) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 15,921 shares, a decline of 35.5% from the June 30th total of 24,675 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 44,714 shares, the short-interest ratio is presently 0.4 days.

Monarch ProCap Index ETF Price Performance

Shares of BATS MPRO opened at $32.56 on Friday. The company’s 50 day simple moving average is $32.60 and its 200 day simple moving average is $32.16. Monarch ProCap Index ETF has a fifty-two week low of $29.62 and a fifty-two week high of $32.99. The firm has a market capitalization of $273.50 million, a P/E ratio of 24.22 and a beta of 0.55.

Institutional Trading of Monarch ProCap Index ETF

An institutional investor recently bought a new stake in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new stake in 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 institutional investor purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd biggest position.

About Monarch ProCap Index ETF

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.