The eastern migratory population of monarch butterflies has experienced a multi-10 decadal decline, but a recent increase in abundance (to 6.05 ha in winter 2018) has led some 11 observers to question whether the population has reversed its long-standing decline and 12 embarked on a trajectory of increasing abundance. We examined this possibility through 13 changepoint analyses, first assessing whether a change in trajectory existed and whether that 14 change was sufficient to alter our estimated risk for the population. We found evidence of a 15 change in trajectory in 2014, but insufficient statistical support for a significantly increasing 16 population since that time (β = 0.285, 95% CI = -0.127, 0.697). If the population estimate for 17 winter 2019 is ≥4.0 ha, we will then be able to credibly assert the population has been increasing 18 since 2014. However, given estimated levels of time series variability, presumed habitat capacity 19 and no recent change in status or trend, there was a 13.5% probability of observing a population 20 estimate as large or larger than was reported for winter 2018. Despite insufficient evidence for an 21 increasing population, near-term risk of quasi-extinction by 2023 has declined (mean risk 22 23 highlight the incredible difficulty in drawing robust conclusions from annual changes in 24 abundance over a short time series, especially for an insect that commonly exhibits considerable 25 year-to-year variation. Thus, we urge caution when drawing conclusions regarding species status 26 and trends for any species for which limited data are available. 27 28 Shapiro 32 Populations vary over time in their abundance, and this variability can impart uncertainty to the 33 status and trend of a species. As population dynamics approach extinction, dynamics become 34 more variable (Holmes and Fagan 2006), which means short-term highs might become higher, 35 even while abundance is declining on average. In addition to the stochastic variation in 36 abundance imposed by the environment, uncertainty in species status and trend arises from 37 population sizes most often being estimated rather than counted; trends being inferred from 38 limited duration time series; and latent characteristics of a population, such as its relation to 39 carrying capacity or quasi-extinction thresholds, generally being inferred properties rather than 40 an observable quantity. Thus, given these various sources of uncertainty, it is difficult enough to 41 determine the trajectory for a population, let alone any change that may occur in that trajectory, 42 especially one that may occur near the terminus of a time series based on limited data.43 3 Estimates of the population size of the eastern North American migratory population of 44 monarch butterflies (Danaus plexippus, hereafter monarchs) in their overwintering locations in 45 high-elevation oyamel fir (Abies religiosa) forests of central Mexico suggest a long-term decline 46 in abundance. Using a model allowing separation of observation-induced error from n...