Monarch Dividend Plus Index ETF (BATS:MDPL – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 107 shares, a drop of 89.8% from the September 30th total of 1,049 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 3,605 shares, the days-to-cover ratio is currently 0.0 days.
Monarch Dividend Plus Index ETF Stock Performance
Shares of MDPL opened at $30.36 on Tuesday. The firm has a market cap of $66.18 million, a PE ratio of 12.20 and a beta of 0.69. The firm’s 50 day moving average price is $29.33 and its 200 day moving average price is $27.29. Monarch Dividend Plus Index ETF has a twelve month low of $24.46 and a twelve month high of $31.17.
Monarch Dividend Plus Index ETF Cuts Dividend
The firm 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 $0.0847 per share. This is a negative change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. The ex-dividend date was Thursday, September 24th. This represents a $0.34 annualized dividend and a dividend yield of 1.1%.
About Monarch Dividend Plus Index ETF
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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