Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Shares Shorted: Short Interest Up 432.9% in October

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 6,288 shares, a growth of 432.9% from the September 30th total of 1,180 shares. Based on an average daily volume of 11,496 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Monarch Volume Factor Dividend Tree Index ETF stock. Envestnet Asset Management Inc. lifted its holdings in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,530 shares of the company’s stock after acquiring an additional 2,369 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.01% of Monarch Volume Factor Dividend Tree Index ETF worth $1,635,000 at the end of the most recent reporting period.

Monarch Volume Factor Dividend Tree Index ETF Stock Performance

BATS:MVFD opened at $32.65 on Thursday. Monarch Volume Factor Dividend Tree Index ETF has a 12 month low of $26.67 and a 12 month high of $33.43. The company’s 50-day moving average price is $31.49 and its two-hundred day moving average price is $30.53.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

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

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.