Monarch Ambassador Income Index ETF (BATS:MAMB) Short Interest Down 68.9% in August

Monarch Ambassador Income Index ETF (BATS:MAMB) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,275 shares, a decrease of 68.9% from the August 15th total of 7,322 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 23,460 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Monarch Ambassador Income Index ETF

A hedge fund recently bought a new stake in Monarch Ambassador Income Index ETF stock. Premier Financial Group acquired a new stake in shares of Monarch Ambassador Income Index ETF (BATS:MAMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,937 shares of the company’s stock, valued at approximately $70,000. Monarch Ambassador Income Index ETF comprises approximately 0.0% of Premier Financial Group’s investment portfolio, making the stock its 28th largest position. Premier Financial Group owned approximately 0.05% of Monarch Ambassador Income Index ETF as of its most recent filing with the Securities & Exchange Commission.

Monarch Ambassador Income Index ETF Stock Performance

BATS MAMB opened at $23.55 on Monday. Monarch Ambassador Income Index ETF has a twelve month low of $23.20 and a twelve month high of $24.83. The stock’s 50 day moving average is $23.84 and its 200 day moving average is $24.11.

Monarch Ambassador Income Index ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1633 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.09. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.8%.

About Monarch Ambassador Income Index ETF

The Monarch Ambassador Income ETF (MAMB) is an exchange-traded fund that is based on the Kingsview Ambassador Income index. The fund tracks an index that consists of mainly global fixed income ETFs, plus an alternative sleeve. Constituents are selected and weighted based on the economic cycle. MAMB was launched on Mar 23, 2021 and is managed by Monarch.