Monarch ProCap Index ETF (BATS:MPRO) Shares Shorted: Short Interest Up 982.5% in September

Monarch ProCap Index ETF (BATS:MPRO) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 8,281 shares, a growth of 982.5% from the September 15th total of 765 shares. Based on an average daily volume of 24,177 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Monarch ProCap Index ETF Stock Performance

Shares of Monarch ProCap Index ETF stock traded up $0.17 during trading hours on Friday, hitting $31.97. The company’s stock had a trading volume of 20,846 shares, compared to its average volume of 23,816. The stock has a market cap of $268.55 million, a price-to-earnings ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a twelve month low of $30.17 and a twelve month high of $32.99. The firm has a fifty day moving average of $32.24 and a 200-day moving average of $32.28.

Monarch ProCap Index ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1619 per share. This represents a $0.65 annualized dividend and a yield of 2.0%. This is a boost from Monarch ProCap Index ETF’s previous quarterly dividend of $0.1435. The ex-dividend date of this dividend was Thursday, September 24th.

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.