Monarch Ambassador Income Index ETF (BATS:MAMB – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 2,967 shares, a drop of 78.7% from the September 30th total of 13,924 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 22,367 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Monarch Ambassador Income Index ETF stock. Root Financial Partners LLC bought a new stake in Monarch Ambassador Income Index ETF (BATS:MAMB – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,748 shares of the company’s stock, valued at approximately $155,000. Root Financial Partners LLC owned about 0.12% of Monarch Ambassador Income Index ETF at the end of the most recent reporting period.
Monarch Ambassador Income Index ETF Stock Up 0.4%
Shares of BATS:MAMB opened at $23.47 on Tuesday. Monarch Ambassador Income Index ETF has a 1 year low of $22.79 and a 1 year high of $24.83. The business’s 50 day moving average price is $23.50 and its 200-day moving average price is $24.03.
Monarch Ambassador Income Index ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were given a $0.1617 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.8%. This is a negative change from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.1633. The ex-dividend date was Thursday, September 24th.
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.
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