VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – Get Free Report) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 276,078 shares, a drop of 38.4% from the February 26th total of 448,387 shares. Based on an average daily trading volume, of 1,912,504 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.8% of the shares of the company are sold short.
Institutional Trading of VanEck Mortgage REIT Income ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in VanEck Mortgage REIT Income ETF during the 4th quarter valued at approximately $33,000. Advisory Services Network LLC bought a new position in VanEck Mortgage REIT Income ETF during the 3rd quarter worth $61,000. Phoenix Financial Ltd. acquired a new stake in VanEck Mortgage REIT Income ETF in the fourth quarter worth $70,000. Triumph Capital Management bought a new stake in VanEck Mortgage REIT Income ETF in the third quarter valued at $107,000. Finally, Clear Creek Financial Management LLC bought a new stake in VanEck Mortgage REIT Income ETF in the fourth quarter valued at $108,000.
VanEck Mortgage REIT Income ETF Price Performance
Shares of NYSEARCA:MORT traded down $0.11 during trading on Friday, reaching $9.90. 1,169,567 shares of the company’s stock traded hands, compared to its average volume of 1,768,909. The stock has a market capitalization of $347.99 million, a P/E ratio of 14.67 and a beta of 1.30. VanEck Mortgage REIT Income ETF has a 12 month low of $8.81 and a 12 month high of $11.44. The company has a 50 day moving average of $10.70 and a 200-day moving average of $10.68.
About VanEck Mortgage REIT Income ETF
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.
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