Short Interest in Monarch Ambassador Income Index ETF (BATS:MAMB) Declines By 58.0%

Monarch Ambassador Income Index ETF (BATS:MAMB) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 8,662 shares, a decrease of 58.0% from the June 15th total of 20,639 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 16,789 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Monarch Ambassador Income Index ETF stock. Premier Financial Group purchased a new position in Monarch Ambassador Income Index ETF (BATS:MAMB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,937 shares of the company’s stock, valued at approximately $70,000. Monarch Ambassador Income Index ETF makes up 0.0% of Premier Financial Group’s portfolio, making the stock its 28th largest position. Premier Financial Group owned approximately 0.05% of Monarch Ambassador Income Index ETF as of its most recent SEC filing.

Monarch Ambassador Income Index ETF Trading Up 0.4%

MAMB stock opened at $23.78 on Wednesday. Monarch Ambassador Income Index ETF has a 52 week low of $22.84 and a 52 week high of $24.83. The company has a fifty day simple moving average of $24.16 and a two-hundred day simple moving average of $24.26.

Monarch Ambassador Income Index ETF Company Profile

The Monarch Ambassador Income ETF (MAMB) is an exchange-traded fund that is based on the Kingsview Ambassador Income index. The fund tracks an index that consists of mainly global fixed income ETFs, plus an alternative sleeve. Constituents are selected and weighted based on the economic cycle. MAMB was launched on Mar 23, 2021 and is managed by Monarch.