Monarch Dividend Plus Index ETF (BATS:MDPL) Stock Short Interest Jumps 5,030.8%

Monarch Dividend Plus Index ETF (BATS:MDPL) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 5,490 shares, an increase of 5,030.8% from the October 15th total of 107 shares. Based on an average daily trading volume, of 6,763 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

Monarch Dividend Plus Index ETF Stock Performance

Shares of MDPL traded up $0.11 during mid-day trading on Tuesday, hitting $30.69. The company’s stock had a trading volume of 2,795 shares, compared to its average volume of 10,250. Monarch Dividend Plus Index ETF has a one year low of $24.46 and a one year high of $31.32. The firm has a market capitalization of $62.61 million, a PE ratio of 14.69 and a beta of 0.44. The stock’s 50-day moving average is $29.29 and its two-hundred day moving average is $27.42.

Monarch Dividend Plus Index ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were paid a dividend of $0.0847 per share. This represents a $0.34 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, September 24th. This is a decrease from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885.

About Monarch Dividend Plus Index ETF

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.