Short Interest in Monarch Ambassador Income Index ETF (BATS:MAMB) Declines By 90.7%

Monarch Ambassador Income Index ETF (BATS:MAMB) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 6,645 shares, a decline of 90.7% from the April 30th total of 71,705 shares. Based on an average daily trading volume, of 14,563 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Monarch Ambassador Income Index ETF Price Performance

Shares of BATS:MAMB opened at $24.23 on Thursday. The company’s 50-day moving average price is $24.21 and its two-hundred day moving average price is $24.24. Monarch Ambassador Income Index ETF has a one year low of $22.68 and a one year high of $24.83.

Institutional Investors Weigh In On Monarch Ambassador Income Index ETF

A hedge fund recently bought a new stake in Monarch Ambassador Income Index ETF stock. Premier Financial Group bought a new stake in Monarch Ambassador Income Index ETF (BATS:MAMB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,937 shares of the company’s stock, valued at approximately $70,000. Monarch Ambassador Income Index ETF accounts for about 0.0% of Premier Financial Group’s investment portfolio, making the stock its 28th biggest holding. Premier Financial Group owned approximately 0.05% of Monarch Ambassador Income Index ETF as of its most recent SEC filing.

About Monarch Ambassador Income Index ETF

The Monarch Ambassador Income ETF (MAMB) is an exchange-traded fund that is based on the Kingsview Ambassador Income index. The fund tracks an index that consists of mainly global fixed income ETFs, plus an alternative sleeve. Constituents are selected and weighted based on the economic cycle. MAMB was launched on Mar 23, 2021 and is managed by Monarch.