Monarch Dividend Plus Index ETF (BATS:MDPL) Shares Shorted: Short Interest Up 5,030.8% in October

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 5,490 shares, an increase of 5,030.8% from the October 15th total of 107 shares. Based on an average daily volume of 6,763 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

Monarch Dividend Plus Index ETF Stock Up 0.4%

MDPL opened at $30.69 on Wednesday. Monarch Dividend Plus Index ETF has a twelve month low of $24.46 and a twelve month high of $31.32. The company has a fifty day moving average of $29.29 and a 200-day moving average of $27.44. The stock has a market cap of $62.61 million, a PE ratio of 14.69 and a beta of 0.44.

Monarch Dividend Plus Index ETF Cuts Dividend

The company also recently declared 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. This represents a $0.34 dividend on an annualized basis and a yield of 1.1%. This is a decrease from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. The ex-dividend date of this dividend was Thursday, September 24th.

About Monarch Dividend Plus Index ETF

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.