Monarch Dividend Plus Index ETF (BATS:MDPL) Short Interest Update

Monarch Dividend Plus Index ETF (BATS:MDPL) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 707 shares, a growth of 842.7% from the May 14th total of 75 shares. Based on an average daily trading volume, of 12,465 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. raised its stake in shares of Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,922 shares of the company’s stock after purchasing an additional 821 shares during the period. Goldman Sachs Group Inc. owned 1.03% of Monarch Dividend Plus Index ETF worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Monarch Dividend Plus Index ETF Price Performance

Monarch Dividend Plus Index ETF stock opened at $26.34 on Wednesday. The stock has a market cap of $57.42 million, a P/E ratio of 12.20 and a beta of 0.69. The firm’s 50 day moving average price is $26.13 and its 200-day moving average price is $26.55. Monarch Dividend Plus Index ETF has a 1 year low of $25.05 and a 1 year high of $28.15.

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.