Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Sees Significant Decline in Short Interest

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 1,382 shares, a drop of 78.0% from the October 15th total of 6,288 shares. Based on an average trading volume of 17,280 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Monarch Volume Factor Dividend Tree Index ETF Stock Down 0.4%

MVFD stock opened at $33.99 on Friday. The business has a 50 day moving average price of $32.00 and a 200 day moving average price of $30.74. The stock has a market cap of $146.50 million, a price-to-earnings ratio of 16.70 and a beta of 0.63. Monarch Volume Factor Dividend Tree Index ETF has a fifty-two week low of $26.67 and a fifty-two week high of $34.81.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were given a dividend of $0.0847 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.34 annualized dividend and a dividend yield of 1.0%. This is a drop from Monarch Volume Factor Dividend Tree Index ETF’s previous quarterly dividend of $0.1130.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Monarch Volume Factor Dividend Tree Index ETF stock. Root Financial Partners LLC bought a new stake in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 5,381 shares of the company’s stock, valued at approximately $161,000. Root Financial Partners LLC owned about 0.20% of Monarch Volume Factor Dividend Tree Index ETF at the end of the most recent reporting period.

Monarch Volume Factor Dividend Tree Index ETF Company Profile

The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.