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

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

Hedge Funds Weigh In On Monarch ProCap Index ETF

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new position in shares of Monarch ProCap Index ETF (BATS:MPRO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for about 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd largest position.

Monarch ProCap Index ETF Trading Up 0.2%

MPRO traded up $0.08 during midday trading on Friday, hitting $32.65. The company’s stock had a trading volume of 25,561 shares, compared to its average volume of 23,778. Monarch ProCap Index ETF has a 52-week low of $29.48 and a 52-week high of $32.89. The firm has a 50-day moving average price of $32.51 and a two-hundred day moving average price of $31.98. The firm has a market cap of $274.26 million, a P/E ratio of 24.22 and a beta of 0.55.

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.