Short Interest in Monarch ProCap Index ETF (BATS:MPRO) Decreases By 41.5%

Monarch ProCap Index ETF (BATS:MPRO) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,810 shares, a decrease of 41.5% from the May 31st total of 3,093 shares. Based on an average daily trading volume, of 27,545 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Monarch ProCap Index ETF

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group acquired a new stake in shares of Monarch ProCap Index ETF (BATS:MPRO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 portfolio, making the stock its 23rd largest holding.

Monarch ProCap Index ETF Stock Performance

Monarch ProCap Index ETF stock opened at $32.65 on Wednesday. The stock has a fifty day moving average of $32.43 and a two-hundred day moving average of $31.87. The company has a market capitalization of $274.26 million, a price-to-earnings ratio of 24.22 and a beta of 0.55. Monarch ProCap Index ETF has a fifty-two week low of $29.48 and a fifty-two week high of $32.85.

About Monarch ProCap Index ETF

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.