Short Interest in Monarch ProCap Index ETF (BATS:MPRO) Rises By 749.7%

by · The Markets Daily

Monarch ProCap Index ETF (BATS:MPRO – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,093 shares, an increase of 749.7% from the May 14th total of 364 shares. Based on an average daily trading volume, of 18,255 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Monarch ProCap Index ETF Price Performance

Monarch ProCap Index ETF stock opened at $32.36 on Thursday. The firm has a 50 day simple moving average of $32.19 and a 200-day simple moving average of $31.70. Monarch ProCap Index ETF has a 1-year low of $29.25 and a 1-year high of $32.76. The stock has a market cap of $271.82 million, a price-to-earnings ratio of 24.22 and a beta of 0.55.

Institutional Trading of Monarch ProCap Index ETF

An institutional investor recently bought a new position in Monarch ProCap Index ETF stock. Premier Financial Group purchased a new stake in Monarch ProCap Index ETF (BATS:MPRO – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF accounts for approximately 0.0% of Premier Financial Group’s holdings, making the stock its 23rd largest position.

About Monarch ProCap Index ETF

(Get Free Report)

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.

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