Monarch Ambassador Income Index ETF (BATS:MAMB) Sees Large Increase in Short Interest

Monarch Ambassador Income Index ETF (BATS:MAMB) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,924 shares, an increase of 335.3% from the September 15th total of 3,199 shares. Based on an average trading volume of 26,881 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Monarch Ambassador Income Index ETF Price Performance

Shares of MAMB stock traded up $0.05 during trading hours on Friday, hitting $23.12. 32,329 shares of the company’s stock traded hands, compared to its average volume of 28,297. The stock’s 50 day simple moving average is $23.63 and its 200 day simple moving average is $23.94. Monarch Ambassador Income Index ETF has a 12 month low of $22.79 and a 12 month high of $24.83.

Monarch Ambassador Income Index ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were issued a $0.1617 dividend. The ex-dividend date was Thursday, September 24th. This is a negative change from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.1633. This represents a $0.65 dividend on an annualized basis and a yield of 2.8%.

About Monarch Ambassador Income Index ETF

The Monarch Ambassador Income ETF (MAMB) is an exchange-traded fund that is based on the Kingsview Ambassador Income index. The fund tracks an index that consists of mainly global fixed income ETFs, plus an alternative sleeve. Constituents are selected and weighted based on the economic cycle. MAMB was launched on Mar 23, 2021 and is managed by Monarch.