Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Decreases By 71.8%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,373 shares, a drop of 71.8% from the August 15th total of 4,863 shares. Based on an average trading volume of 2,333 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock traded down $0.29 during trading hours on Monday, hitting $11.82. The company’s stock had a trading volume of 4,490 shares, compared to its average volume of 5,037. The business has a 50 day moving average price of $13.13 and a two-hundred day moving average price of $13.60. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $11.72 and a 12-month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th will be given a dividend of $0.1596 per share. The ex-dividend date is Monday, September 14th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12.

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.