Monarch ProCap Index ETF (BATS:MPRO) Short Interest Down 98.8% in May

Monarch ProCap Index ETF (BATS:MPRO) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 364 shares, a drop of 98.8% from the April 30th total of 29,411 shares. Based on an average daily volume of 11,979 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Monarch ProCap Index ETF Stock Performance

Shares of Monarch ProCap Index ETF stock traded up $0.05 during trading on Wednesday, hitting $32.57. 27,523 shares of the company’s stock were exchanged, compared to its average volume of 23,317. The business has a 50-day simple moving average of $31.94 and a 200-day simple moving average of $31.55. Monarch ProCap Index ETF has a 52-week low of $29.02 and a 52-week high of $32.76. The stock has a market capitalization of $273.59 million, a price-to-earnings ratio of 24.22 and a beta of 0.55.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Monarch ProCap Index ETF stock. Premier Financial Group bought a new position in shares of Monarch ProCap Index ETF (BATS:MPRO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF comprises approximately 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd largest holding.

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.