Monarch Dividend Plus Index ETF (BATS:MDPL – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 407 shares, a decline of 60.2% from the August 31st total of 1,023 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,742 shares, the short-interest ratio is presently 0.1 days.
Monarch Dividend Plus Index ETF Trading Down 1.3%
Shares of MDPL opened at $27.20 on Tuesday. The business’s 50-day moving average price is $29.20 and its 200 day moving average price is $27.08. The stock has a market capitalization of $59.30 million, a P/E ratio of 12.20 and a beta of 0.69. Monarch Dividend Plus Index ETF has a 1-year low of $24.46 and a 1-year high of $31.17.
Monarch Dividend Plus Index ETF Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th will be issued a $0.0847 dividend. The ex-dividend date is Thursday, September 24th. This is a negative change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.0885. This represents a $0.34 annualized dividend and a dividend yield of 1.2%.
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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