Monarch Dividend Plus Index ETF (BATS:MDPL) Stock Short Interest Jumps 5,030.8%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 5,490 shares, an increase of 5,030.8% from the October 15th total of 107 shares. Based on an average trading volume of 6,763 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

Monarch Dividend Plus Index ETF Price Performance

MDPL stock traded up $0.11 during midday trading on Tuesday, hitting $30.69. The stock had a trading volume of 2,795 shares, compared to its average volume of 10,250. The firm has a market cap of $62.61 million, a PE ratio of 14.69 and a beta of 0.44. Monarch Dividend Plus Index ETF has a 12-month low of $24.46 and a 12-month high of $31.32. The company’s 50-day moving average price is $29.29 and its 200 day moving average price is $27.42.

Monarch Dividend Plus Index ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0847 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.1%. This is a negative change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. The ex-dividend date was Thursday, September 24th.

Monarch Dividend Plus Index ETF Company Profile

The Monarch Dividend Plus Index ETF (MDPL) is an exchange-traded fund that is based on the Monarch Dividend Plus index. MPDL tracks an equal-weighted index of 30 dividend-paying stocks that are expected to provide dividend income and capital appreciation. MDPL was launched on Mar 6, 2024 and is issued by Monarch.