Short Interest in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Drops By 33.5%

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 530,500 shares, a drop of 33.5% from the September 30th total of 798,200 shares. Based on an average trading volume of 552,100 shares, the short-interest ratio is currently 1.0 days. Approximately 1.7% of the shares of the stock are sold short. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 552,100 shares, the short-interest ratio is currently 1.0 days.

VanEck Mortgage REIT Income ETF Stock Performance

Shares of VanEck Mortgage REIT Income ETF stock traded up $0.04 during trading on Tuesday, reaching $10.42. The company had a trading volume of 306,578 shares, compared to its average volume of 557,690. The company has a market cap of $334.84 million, a price-to-earnings ratio of 14.67 and a beta of 1.30. The firm’s fifty day moving average is $10.72 and its 200-day moving average is $10.52. VanEck Mortgage REIT Income ETF has a fifty-two week low of $8.81 and a fifty-two week high of $11.79.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of MORT. Ameritas Advisory Services LLC acquired a new stake in VanEck Mortgage REIT Income ETF in the 2nd quarter worth approximately $26,000. Simplex Trading LLC grew its holdings in shares of VanEck Mortgage REIT Income ETF by 199.0% during the first quarter. Simplex Trading LLC now owns 3,080 shares of the company’s stock worth $34,000 after purchasing an additional 2,050 shares during the last quarter. US Bancorp DE grew its holdings in shares of VanEck Mortgage REIT Income ETF by 283.7% during the first quarter. US Bancorp DE now owns 5,755 shares of the company’s stock worth $64,000 after purchasing an additional 4,255 shares during the last quarter. Mattson Financial Services LLC raised its holdings in VanEck Mortgage REIT Income ETF by 17.1% during the 1st quarter. Mattson Financial Services LLC now owns 6,873 shares of the company’s stock worth $77,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in VanEck Mortgage REIT Income ETF during the second quarter worth about $134,000.

VanEck Mortgage REIT Income ETF Company Profile

The VanEck Mortgage REIT Income ETF (MORT) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index, a market-cap-weighted index of mortgage REITs. MORT was launched on Aug 16, 2011 and is managed by VanEck.