Monarch Dividend Plus Index ETF (BATS:MDPL) Shares Shorted: Short Interest Down 89.8% in October

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 107 shares, a drop of 89.8% from the September 30th total of 1,049 shares. Based on an average daily volume of 3,605 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Monarch Dividend Plus Index ETF Stock Down 1.8%

BATS:MDPL opened at $29.81 on Wednesday. The company’s 50 day moving average is $29.33 and its 200-day moving average is $27.30. Monarch Dividend Plus Index ETF has a 12 month low of $24.46 and a 12 month high of $31.17. The firm has a market cap of $64.99 million, a price-to-earnings ratio of 12.20 and a beta of 0.69.

Monarch Dividend Plus Index ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were given a dividend of $0.0847 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.34 dividend on an annualized basis and a yield of 1.1%. This is a negative change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885.

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.