Short Interest in Monarch Dividend Plus Index ETF (BATS:MDPL) Expands By 239.2%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,398 shares, an increase of 239.2% from the May 31st total of 707 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,871 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. grew its holdings in Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,922 shares of the company’s stock after acquiring an additional 821 shares during the quarter. Goldman Sachs Group Inc. owned 1.03% of Monarch Dividend Plus Index ETF worth $588,000 at the end of the most recent reporting period.

Monarch Dividend Plus Index ETF Stock Performance

Shares of BATS:MDPL opened at $24.98 on Friday. The company has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $26.50. The company has a market capitalization of $54.46 million, a PE 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 $28.15.

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.