Monarch ProCap Index ETF (BATS:MPRO) Short Interest Down 35.5% in July

Monarch ProCap Index ETF (BATS:MPRO) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 15,921 shares, a decline of 35.5% from the June 30th total of 24,675 shares. Based on an average daily volume of 44,714 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Monarch ProCap Index ETF Stock Performance

Monarch ProCap Index ETF stock opened at $32.56 on Friday. The firm has a market cap of $273.50 million, a P/E ratio of 24.22 and a beta of 0.55. The business’s fifty day moving average is $32.60 and its two-hundred day moving average is $32.16. Monarch ProCap Index ETF has a 52 week low of $29.62 and a 52 week high of $32.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new position in shares of Monarch ProCap Index ETF (BATS:MPRO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF makes up approximately 0.0% of Premier Financial Group’s holdings, 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.