Short Interest in Monarch Ambassador Income Index ETF (BATS:MAMB) Rises By 111.6%

Monarch Ambassador Income Index ETF (BATS:MAMB) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 18,327 shares, a growth of 111.6% from the June 30th total of 8,662 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 40,439 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Monarch Ambassador Income Index ETF stock. Premier Financial Group acquired a new stake in Monarch Ambassador Income Index ETF (BATS:MAMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,937 shares of the company’s stock, valued at approximately $70,000. Monarch Ambassador Income Index ETF accounts for about 0.0% of Premier Financial Group’s portfolio, making the stock its 28th largest holding. Premier Financial Group owned approximately 0.05% of Monarch Ambassador Income Index ETF as of its most recent filing with the Securities & Exchange Commission.

Monarch Ambassador Income Index ETF Stock Performance

Shares of MAMB opened at $23.65 on Thursday. The stock has a 50-day moving average of $24.05 and a 200-day moving average of $24.24. Monarch Ambassador Income Index ETF has a one year low of $22.99 and a one year high of $24.83.

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.