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

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) was the target of a significant growth in short interest in 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 trading volume, of 5,166 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Monarch Volume Factor Dividend Tree Index ETF Stock Performance

Shares of BATS:MVFD opened at $32.15 on Friday. The company has a fifty day simple moving average of $31.25 and a 200 day simple moving average of $30.56. Monarch Volume Factor Dividend Tree Index ETF has a 12-month low of $26.67 and a 12-month high of $32.15.

Monarch Volume Factor Dividend Tree Index ETF Cuts Dividend

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

Institutional Investors Weigh In On Monarch Volume Factor Dividend Tree Index ETF

A hedge fund recently raised its stake in Monarch Volume Factor Dividend Tree Index ETF stock. Envestnet Asset Management Inc. grew its stake in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,530 shares of the company’s stock after purchasing 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 as of its most recent filing with the SEC.

About Monarch Volume Factor Dividend Tree Index ETF

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.