Monarch ProCap Index ETF (BATS:MPRO) Short Interest Up 1,263.3% in June

Monarch ProCap Index ETF (BATS:MPRO) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 24,675 shares, an increase of 1,263.3% from the June 15th total of 1,810 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Monarch ProCap Index ETF

A hedge fund recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group bought a new stake in shares of Monarch ProCap Index ETF (BATS:MPRO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 biggest holding.

Monarch ProCap Index ETF Price Performance

Shares of BATS MPRO traded up $0.08 during mid-day trading on Friday, hitting $32.65. 25,561 shares of the company’s stock traded hands, compared to its average volume of 23,778. Monarch ProCap Index ETF has a 1 year low of $29.48 and a 1 year high of $32.89. The company’s 50-day moving average is $32.50 and its two-hundred day moving average is $31.97. The company has a market capitalization of $274.26 million, a P/E ratio of 24.22 and a beta of 0.55.

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.