Short Interest in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Grows By 183.9%

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 43,212 shares, a growth of 183.9% from the May 31st total of 15,223 shares. Based on an average daily trading volume, of 16,877 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Monarch Volume Factor Dividend Tree Index ETF stock. West Michigan Advisors LLC acquired a new position in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,648 shares of the company’s stock, valued at approximately $216,000. West Michigan Advisors LLC owned 0.25% of Monarch Volume Factor Dividend Tree Index ETF as of its most recent filing with the Securities and Exchange Commission.

Monarch Volume Factor Dividend Tree Index ETF Price Performance

Shares of MVFD opened at $29.98 on Monday. The firm has a fifty day simple moving average of $30.30 and a two-hundred day simple moving average of $29.92. Monarch Volume Factor Dividend Tree Index ETF has a twelve month low of $25.42 and a twelve month high of $31.86.

Monarch Volume Factor Dividend Tree Index ETF Company Profile

The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.