Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Stock Short Interest Jumps 107.0%

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,180 shares, a growth of 107.0% from the September 15th total of 570 shares. Based on an average daily volume of 5,166 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Monarch Volume Factor Dividend Tree Index ETF

A hedge fund recently raised its position in Monarch Volume Factor Dividend Tree Index ETF stock. Envestnet Asset Management Inc. lifted its position in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD – Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,530 shares of the company’s stock after acquiring an additional 2,369 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.01% of Monarch Volume Factor Dividend Tree Index ETF worth $1,635,000 at the end of the most recent reporting period.

Monarch Volume Factor Dividend Tree Index ETF Stock Down 0.1%

Monarch Volume Factor Dividend Tree Index ETF stock opened at $31.41 on Thursday. Monarch Volume Factor Dividend Tree Index ETF has a 1-year low of $26.67 and a 1-year high of $32.06. The firm’s fifty day moving average price is $31.22 and its two-hundred day moving average price is $30.53.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were issued a $0.0847 dividend. This is a drop from Monarch Volume Factor Dividend Tree Index ETF’s previous quarterly dividend of $0.1130. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 24th.

About Monarch Volume Factor Dividend Tree Index ETF

(Get Free Report)

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.

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