Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Short Interest Up 183.9% in June

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 43,212 shares, a growth of 183.9% from the May 31st total of 15,223 shares. Based on an average daily trading volume, of 16,877 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.6% of the company’s stock are sold short.

Monarch Volume Factor Dividend Tree Index ETF Stock Performance

Shares of Monarch Volume Factor Dividend Tree Index ETF stock opened at $29.98 on Friday. Monarch Volume Factor Dividend Tree Index ETF has a 1-year low of $25.42 and a 1-year high of $31.86. The business has a 50-day moving average of $30.30 and a 200-day moving average of $29.92.

Institutional Investors Weigh In On Monarch Volume Factor Dividend Tree Index ETF

An institutional investor recently raised its position in Monarch Volume Factor Dividend Tree Index ETF stock. Kingsview Wealth Management LLC raised its holdings in shares of Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,897,902 shares of the company’s stock after purchasing an additional 136,287 shares during the quarter. Monarch Volume Factor Dividend Tree Index ETF accounts for 1.2% of Kingsview Wealth Management LLC’s portfolio, making the stock its 14th largest position. Kingsview Wealth Management LLC owned 95.33% of Monarch Volume Factor Dividend Tree Index ETF worth $81,699,000 as of its most recent SEC filing.

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.