ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Update

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,764 shares, an increase of 101.3% from the August 31st total of 1,373 shares. Based on an average daily volume of 3,636 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Up 0.7%

Shares of MVRL traded up $0.07 during mid-day trading on Tuesday, reaching $10.45. The company had a trading volume of 1,170 shares, compared to its average volume of 4,961. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a twelve month low of $10.31 and a twelve month high of $17.00. The company’s 50-day moving average is $12.56 and its 200-day moving average is $13.34.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th were given a $0.1596 dividend. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1180. The ex-dividend date was Monday, September 14th.

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.