Monarch Ambassador Income Index ETF (BATS:MAMB – Get Free Report) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 5,998 shares, a growth of 102.2% from the October 15th total of 2,967 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 41,389 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Monarch Ambassador Income Index ETF
An institutional investor recently bought a new stake in Monarch Ambassador Income Index ETF stock. Root Financial Partners LLC purchased a new position in shares of Monarch Ambassador Income Index ETF (BATS:MAMB – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,748 shares of the company’s stock, valued at approximately $155,000. Root Financial Partners LLC owned about 0.12% of Monarch Ambassador Income Index ETF at the end of the most recent quarter.
Monarch Ambassador Income Index ETF Stock Performance
Shares of BATS MAMB traded down $0.07 during mid-day trading on Friday, reaching $23.20. 21,780 shares of the company were exchanged, compared to its average volume of 28,452. The company’s 50-day simple moving average is $23.37 and its 200-day simple moving average is $23.97. Monarch Ambassador Income Index ETF has a twelve month low of $22.79 and a twelve month high of $24.83.
Monarch Ambassador Income Index ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1617 per share. This represents a $0.65 annualized dividend and a yield of 2.8%. This is a drop from Monarch Ambassador Income Index ETF’s previous quarterly dividend of $0.1633. The ex-dividend date was Thursday, September 24th.
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.
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