Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Sees Significant Drop in Short Interest

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFDGet Free Report) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 9,393 shares, a decline of 77.5% from the April 30th total of 41,791 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 10,944 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds 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. Kingsview Wealth Management LLC grew its holdings in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFDFree Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,897,902 shares of the company’s stock after acquiring an additional 136,287 shares during the period. Monarch Volume Factor Dividend Tree Index ETF comprises approximately 1.2% of Kingsview Wealth Management LLC’s portfolio, making the stock its 14th largest position. Kingsview Wealth Management LLC owned 95.33% of Monarch Volume Factor Dividend Tree Index ETF worth $81,699,000 as of its most recent SEC filing.

Monarch Volume Factor Dividend Tree Index ETF Price Performance

Shares of BATS MVFD opened at $30.39 on Friday. Monarch Volume Factor Dividend Tree Index ETF has a 52-week low of $25.08 and a 52-week high of $31.86. The business’s 50 day moving average is $29.91 and its two-hundred day moving average is $29.58.

About Monarch Volume Factor Dividend Tree Index ETF

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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.

Further Reading

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