Monarch ProCap Index ETF (BATS:MPRO) Short Interest Up 1,263.3% in June

Monarch ProCap Index ETF (BATS:MPRO) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 24,675 shares, a growth of 1,263.3% from the June 15th total of 1,810 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the company are sold short.

Monarch ProCap Index ETF Price Performance

Monarch ProCap Index ETF stock traded up $0.08 during mid-day trading on Friday, reaching $32.65. 25,561 shares of the company were exchanged, compared to its average volume of 23,778. The company has a fifty day simple moving average of $32.51 and a 200-day simple moving average of $31.98. Monarch ProCap Index ETF has a 12 month low of $29.48 and a 12 month high of $32.89. The firm has a market cap of $274.26 million, a PE ratio of 24.22 and a beta of 0.55.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group bought a new position in shares of Monarch ProCap Index ETF (BATS:MPRO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 investment portfolio, making the stock its 23rd largest position.

Monarch ProCap Index ETF Company Profile

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.