Monarch Ambassador Income Index ETF (BATS:MAMB – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 13,924 shares, an increase of 335.3% from the September 15th total of 3,199 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 26,881 shares, the short-interest ratio is presently 0.5 days.
Monarch Ambassador Income Index ETF Price Performance
Shares of BATS:MAMB opened at $23.12 on Tuesday. Monarch Ambassador Income Index ETF has a one year low of $22.79 and a one year high of $24.83. The company has a 50-day simple moving average of $23.62 and a 200-day simple moving average of $23.94.
Monarch Ambassador Income Index ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1617 per share. This represents a $0.65 annualized dividend and a dividend 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.
About Monarch Ambassador Income Index ETF
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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