Monarch Dividend Plus Index ETF (BATS:MDPL) Sees Large Growth in Short Interest

Monarch Dividend Plus Index ETF (BATS:MDPL) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,049 shares, a growth of 157.7% from the September 15th total of 407 shares. Based on an average daily volume of 6,778 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Monarch Dividend Plus Index ETF Stock Up 0.2%

MDPL stock opened at $28.67 on Wednesday. The business’s 50-day simple moving average is $29.27 and its 200 day simple moving average is $27.26. Monarch Dividend Plus Index ETF has a twelve month low of $24.46 and a twelve month high of $31.17. The company has a market cap of $62.50 million, a PE ratio of 12.20 and a beta of 0.69.

Monarch Dividend Plus Index ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.0847 per share. This is a decrease from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. This represents a $0.34 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, September 24th.

Monarch Dividend Plus Index ETF Company Profile

The Monarch Dividend Plus Index ETF (MDPL) is an exchange-traded fund that is based on the Monarch Dividend Plus index. MPDL tracks an equal-weighted index of 30 dividend-paying stocks that are expected to provide dividend income and capital appreciation. MDPL was launched on Mar 6, 2024 and is issued by Monarch.