Monarch Ambassador Income Index ETF (BATS:MAMB) Stock Short Interest Declines 78.7%

by · The Markets Daily

Monarch Ambassador Income Index ETF (BATS:MAMB – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,967 shares, a decline of 78.7% from the September 30th total of 13,924 shares. Based on an average daily trading volume, of 22,367 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Monarch Ambassador Income Index ETF Trading Up 0.4%

Shares of Monarch Ambassador Income Index ETF stock opened at $23.47 on Tuesday. The firm has a 50-day simple moving average of $23.50 and a two-hundred day simple moving average of $24.03. Monarch Ambassador Income Index ETF has a fifty-two week low of $22.79 and a fifty-two week high of $24.83.

Monarch Ambassador Income Index ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were paid a $0.1617 dividend. The ex-dividend date was Thursday, September 24th. 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.

Hedge Funds Weigh In On Monarch Ambassador Income Index ETF

A hedge fund recently bought a new position in Monarch Ambassador Income Index ETF stock. Root Financial Partners LLC acquired a new stake in Monarch Ambassador Income Index ETF (BATS:MAMB – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,748 shares of the company’s stock, valued at approximately $155,000. Root Financial Partners LLC owned 0.12% of Monarch Ambassador Income Index ETF at the end of the most recent quarter.

About Monarch Ambassador Income Index ETF

(Get Free Report)

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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