Monarch Ambassador Income Index ETF (BATS:MAMB) Sees Significant Decrease in Short Interest

Monarch Ambassador Income Index ETF (BATS:MAMB) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,967 shares, a decline of 78.7% from the September 30th total of 13,924 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 22,367 shares, the short-interest ratio is presently 0.1 days.

Monarch Ambassador Income Index ETF Price Performance

Shares of BATS MAMB opened at $23.47 on Wednesday. The firm’s 50-day moving average is $23.50 and its two-hundred day moving average is $24.02. 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 given a dividend of $0.1617 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.65 annualized dividend and a dividend yield of 2.8%. This is a decrease from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.1633.

Institutional Investors Weigh In On Monarch Ambassador Income Index ETF

A hedge fund recently bought a new position in Monarch Ambassador Income Index ETF stock. Root Financial Partners LLC purchased a new position in Monarch Ambassador Income Index ETF (BATS:MAMB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,748 shares of the company’s stock, valued at approximately $155,000. Root Financial Partners LLC owned about 0.12% of Monarch Ambassador Income Index ETF as of its most recent SEC filing.

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.