Monarch Dividend Plus Index ETF (BATS:MDPL – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,049 shares, a growth of 157.7% from the September 15th total of 407 shares. Based on an average daily trading volume, of 6,778 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.
Monarch Dividend Plus Index ETF Trading Up 0.8%
Shares of BATS MDPL opened at $28.61 on Tuesday. The stock has a market cap of $62.37 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 52 week low of $24.46 and a 52 week high of $31.17. The company’s 50-day moving average price is $29.28 and its 200 day moving average price is $27.24.
Monarch Dividend Plus Index ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were given a dividend of $0.0847 per share. The ex-dividend date was Thursday, September 24th. This is a decrease from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. This represents a $0.34 dividend on an annualized basis and a yield of 1.2%.
Monarch Dividend Plus Index ETF Company Profile
The Monarch Dividend Plus Index ETF (MDPL) is an exchange-traded fund that is based on the Monarch Dividend Plus index. MPDL tracks an equal-weighted index of 30 dividend-paying stocks that are expected to provide dividend income and capital appreciation. MDPL was launched on Mar 6, 2024 and is issued by Monarch.
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