Monarch Dividend Plus Index ETF (BATS:MDPL) Sees Large Decrease in Short Interest

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,023 shares, a decrease of 90.2% from the August 15th total of 10,486 shares. Based on an average trading volume of 6,723 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Monarch Dividend Plus Index ETF Stock Down 0.3%

Shares of Monarch Dividend Plus Index ETF stock traded down $0.08 during trading hours on Thursday, reaching $29.18. 8,870 shares of the stock traded hands, compared to its average volume of 11,495. The company has a 50 day moving average price of $28.57 and a 200 day moving average price of $26.89. The firm has a market capitalization of $63.61 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a one year low of $24.46 and a one year high of $31.17.

Monarch Dividend Plus Index ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0885 per share. This represents a $0.35 annualized dividend and a yield of 1.2%. This is a positive change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. raised its holdings in shares of Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,922 shares of the company’s stock after acquiring an additional 821 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.03% of Monarch Dividend Plus Index ETF worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.