Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Decreases By 82.0%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 203 shares, a decline of 82.0% from the June 15th total of 1,128 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,216 shares, the short-interest ratio is currently 0.0 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock traded up $0.14 during trading on Friday, hitting $13.88. The company’s stock had a trading volume of 810 shares, compared to its average volume of 5,295. The stock’s fifty day moving average is $13.61 and its 200 day moving average is $14.39. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $12.66 and a 1-year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.3883 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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.