Short Interest in Monarch ProCap Index ETF (BATS:MPRO) Expands By 749.7%

Monarch ProCap Index ETF (BATS:MPRO) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 3,093 shares, an increase of 749.7% from the May 14th total of 364 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 18,255 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Monarch ProCap Index ETF

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group bought a new stake in Monarch ProCap Index ETF (BATS:MPRO) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF makes up approximately 0.0% of Premier Financial Group’s portfolio, making the stock its 23rd biggest holding.

Monarch ProCap Index ETF Price Performance

BATS MPRO opened at $32.64 on Friday. The company has a market cap of $274.18 million, a P/E ratio of 24.22 and a beta of 0.55. The stock has a 50-day moving average of $32.22 and a two-hundred day moving average of $31.71. Monarch ProCap Index ETF has a 1-year low of $29.25 and a 1-year high of $32.76.

Monarch ProCap Index ETF Company Profile

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.