Monarch ProCap Index ETF (BATS:MPRO) Short Interest Down 98.8% in May

Monarch ProCap Index ETF (BATS:MPRO) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 364 shares, a drop of 98.8% from the April 30th total of 29,411 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 11,979 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new position in Monarch ProCap Index ETF (BATS:MPRO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF comprises approximately 0.0% of Premier Financial Group’s holdings, making the stock its 23rd largest position.

Monarch ProCap Index ETF Trading Up 0.2%

Shares of BATS MPRO traded up $0.05 during midday trading on Wednesday, reaching $32.57. The company had a trading volume of 27,523 shares, compared to its average volume of 23,317. The business’s 50-day simple moving average is $31.94 and its 200 day simple moving average is $31.55. The stock has a market cap of $273.59 million, a P/E ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a 1 year low of $29.02 and a 1 year high of $32.76.

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.