Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Stock Short Interest Declines 78.0%

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,382 shares, a decrease of 78.0% from the October 15th total of 6,288 shares. Based on an average daily volume of 17,280 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Monarch Volume Factor Dividend Tree Index ETF Stock Down 0.4%

MVFD opened at $34.12 on Thursday. The business has a 50 day moving average of $31.96 and a 200-day moving average of $30.72. Monarch Volume Factor Dividend Tree Index ETF has a 12-month low of $26.67 and a 12-month high of $34.81. The stock has a market cap of $147.06 million, a price-to-earnings ratio of 16.70 and a beta of 0.63.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were given a $0.0847 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from Monarch Volume Factor Dividend Tree Index ETF’s previous quarterly dividend of $0.1130. This represents a $0.34 annualized dividend and a dividend yield of 1.0%.

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. Envestnet Asset Management Inc. raised its position in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,530 shares of the company’s stock after buying an additional 2,369 shares during the quarter. Envestnet Asset Management Inc. owned about 2.01% of Monarch Volume Factor Dividend Tree Index ETF worth $1,635,000 at the end of the most recent quarter.

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.