Monarch ProCap Index ETF (BATS:MPRO) Sees Significant Decline in Short Interest

Monarch ProCap Index ETF (BATS:MPRO) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 3,835 shares, a decrease of 88.6% from the July 30th total of 33,631 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 16,019 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group acquired a new position in Monarch ProCap Index ETF (BATS:MPRO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for approximately 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd biggest holding.

Monarch ProCap Index ETF Stock Performance

Monarch ProCap Index ETF stock remained flat at $32.73 on Thursday. The company’s stock had a trading volume of 30,295 shares, compared to its average volume of 24,409. Monarch ProCap Index ETF has a fifty-two week low of $30.06 and a fifty-two week high of $32.99. The stock has a market capitalization of $274.93 million, a price-to-earnings ratio of 24.22 and a beta of 0.55. The firm has a 50-day moving average of $32.63 and a two-hundred day moving average of $32.33.

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.