ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Down 88.3% in June

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,128 shares, a decline of 88.3% from the May 31st total of 9,601 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 6,781 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock traded up $0.20 during midday trading on Friday, reaching $13.60. 557 shares of the stock traded hands, compared to its average volume of 5,400. The company has a 50-day simple moving average of $13.85 and a two-hundred day simple moving average of $14.48. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $12.66 and a 12-month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were issued a $0.1037 dividend. The ex-dividend date was Friday, June 12th.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Company Profile

The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index. The fund provides 1.5x leveraged exposure to a market-cap weighted index of mortgage REITs. Leverage is reset quarterly. MVRL was launched on Jun 2, 2020 and is issued by ETRACS.