MSSS - Monarch Select Subsector ETF
MSSS is a fund-of-ETFs that provide exposure to companies considered part of economically advantageous US sectors and subsectors. The fund follows a proprietary rules-based methodology that selects sectors and subsectors based on the phase of the economic cycle. The methodology uses employment trends to determine the phase of the economic cycle.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $150.2M
- Beta
- 0.97
- 52-Week Range
- 29-37.18
- Dividend Yield
- $0.12
- IPO Date
- Mar 7, 2024
- Exchange
- CBOE
MSSS Options Snapshot
Options pricing data for MSSS is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The MSSS overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
MSSS fund facts: expense ratio 1.42%, assets under management $145.6M, NAV $34.67 as of the data source's update on Oct 8, 2026, 12 holdings in its latest file, launched Mar 6, 2024, issued by Monarch. See the MSSS holdings.
Frequently asked MSSS overview questions
- What is MSSS?
- MSSS is the ticker symbol for Monarch Select Subsector ETF, an listed exchange-traded fund. MSSS is a fund-of-ETFs that provide exposure to companies considered part of economically advantageous US sectors and subsectors. The fund follows a proprietary rules-based methodology that selects sectors and subsectors based on the phase of the economic cycle. Listed on CBOE. MSSS is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are MSSS's key statistics?
- Monarch Select Subsector ETF (MSSS) carries a market capitalization of $150.2M, 52-week range of 29-37.18. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does MSSS belong to?
- Monarch Select Subsector ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare MSSS's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the MSSS data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for MSSS, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.