Monarch Dividend Plus Index ETF (BATS:MDPL) Short Interest Down 99.8% in May

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 75 shares, a decline of 99.8% from the April 30th total of 36,003 shares. Based on an average trading volume of 7,498 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Monarch Dividend Plus Index ETF

An institutional investor recently raised its position in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. raised its stake in Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,922 shares of the company’s stock after acquiring an additional 821 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.03% of Monarch Dividend Plus Index ETF worth $588,000 at the end of the most recent quarter.

Monarch Dividend Plus Index ETF Stock Down 0.3%

BATS MDPL opened at $26.16 on Thursday. Monarch Dividend Plus Index ETF has a fifty-two week low of $25.05 and a fifty-two week high of $28.15. The stock has a market cap of $57.03 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. The business has a fifty day moving average of $25.98 and a 200-day moving average of $26.51.

Monarch Dividend Plus Index ETF Company Profile

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.