Monarch Select Subsector Index ETF (BATS:MSSS) Sees Significant Increase in Short Interest

Monarch Select Subsector Index ETF (BATS:MSSS) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 29,371 shares, a growth of 90.5% from the May 14th total of 15,421 shares. Based on an average trading volume of 8,450 shares, the short-interest ratio is currently 3.5 days. Approximately 1.0% of the company’s stock are sold short.

Monarch Select Subsector Index ETF Price Performance

Shares of Monarch Select Subsector Index ETF stock traded up $0.11 during trading on Friday, hitting $34.80. 11,977 shares of the stock were exchanged, compared to its average volume of 11,824. The firm’s 50-day moving average price is $32.97 and its 200 day moving average price is $31.62. Monarch Select Subsector Index ETF has a 12-month low of $28.27 and a 12-month high of $34.85.

Institutional Trading of Monarch Select Subsector Index ETF

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada acquired a new position in shares of Monarch Select Subsector Index ETF during the 1st quarter worth about $38,000. Bank of America Corp DE acquired a new stake in shares of Monarch Select Subsector Index ETF during the 2nd quarter worth about $46,000. Finally, Kingsview Wealth Management LLC lifted its stake in Monarch Select Subsector Index ETF by 26.0% during the third quarter. Kingsview Wealth Management LLC now owns 3,850,206 shares of the company’s stock worth $118,317,000 after purchasing an additional 795,022 shares during the last quarter.

About Monarch Select Subsector Index ETF

The Monarch Select Subsector Index ETF (MSSS) is an exchange-traded fund that is based on the Monarch Select Subsector index. The fund is a fund-of-funds that tracks an index of 10 US-listed ETFs that are selected for its sector or subsector that can take advantage of a particular phase in an economic cycle. MSSS was launched on Mar 6, 2024 and is issued by Monarch.