Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Short Interest Down 77.5% in May

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFDGet Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 9,393 shares, a drop of 77.5% from the April 30th total of 41,791 shares. Based on an average daily volume of 10,944 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Monarch Volume Factor Dividend Tree Index ETF Trading Down 1.5%

Shares of Monarch Volume Factor Dividend Tree Index ETF stock traded down $0.45 during trading on Friday, hitting $29.94. The stock had a trading volume of 12,353 shares, compared to its average volume of 11,967. Monarch Volume Factor Dividend Tree Index ETF has a 12 month low of $25.08 and a 12 month high of $31.86. The business’s 50-day moving average is $29.93 and its 200 day moving average is $29.59.

Institutional Trading of Monarch Volume Factor Dividend Tree Index ETF

An institutional investor recently bought a new position in Monarch Volume Factor Dividend Tree Index ETF stock. West Michigan Advisors LLC purchased a new stake in shares of Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFDFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,648 shares of the company’s stock, valued at approximately $216,000. West Michigan Advisors LLC owned about 0.25% of Monarch Volume Factor Dividend Tree Index ETF at the end of the most recent quarter.

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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