Monarch Ambassador Income Index ETF (BATS:MAMB) Sees Significant Increase in Short Interest

Monarch Ambassador Income Index ETF (BATS:MAMB) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 33,472 shares, a growth of 82.6% from the July 15th total of 18,327 shares. Based on an average trading volume of 22,031 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of Monarch Ambassador Income Index ETF

An institutional investor recently bought a new stake in Monarch Ambassador Income Index ETF stock. Premier Financial Group bought a new position in Monarch Ambassador Income Index ETF (BATS:MAMB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 holdings, making the stock its 28th largest holding. Premier Financial Group owned approximately 0.05% of Monarch Ambassador Income Index ETF as of its most recent SEC filing.

Monarch Ambassador Income Index ETF Stock Down 0.2%

MAMB opened at $23.95 on Friday. The stock has a 50-day moving average price of $23.95 and a 200-day moving average price of $24.20. Monarch Ambassador Income Index ETF has a 1 year low of $23.13 and a 1 year high of $24.83.

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.