Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Stock Short Interest Declines 85.1%

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 570 shares, a drop of 85.1% from the August 31st total of 3,828 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,731 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Monarch Volume Factor Dividend Tree Index ETF

A hedge fund recently raised its stake in Monarch Volume Factor Dividend Tree Index ETF stock. Kingsview Wealth Management LLC boosted its holdings in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,897,902 shares of the company’s stock after buying an additional 136,287 shares during the period. Monarch Volume Factor Dividend Tree Index ETF makes up about 1.2% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Kingsview Wealth Management LLC owned 95.33% of Monarch Volume Factor Dividend Tree Index ETF worth $81,699,000 as of its most recent SEC filing.

Monarch Volume Factor Dividend Tree Index ETF Trading Down 0.3%

Shares of Monarch Volume Factor Dividend Tree Index ETF stock opened at $30.50 on Friday. The business’s fifty day moving average price is $31.19 and its 200 day moving average price is $30.38. Monarch Volume Factor Dividend Tree Index ETF has a twelve month low of $26.00 and a twelve month high of $32.06.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th will be paid a $0.0847 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.34 annualized dividend and a dividend yield of 1.1%. This is a decrease from Monarch Volume Factor Dividend Tree Index ETF’s previous quarterly dividend of $0.1130.

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.