VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Sees Large Increase in Short Interest

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 734,561 shares, a growth of 117.9% from the April 15th total of 337,135 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 778,693 shares, the days-to-cover ratio is presently 0.9 days.

VanEck Mortgage REIT Income ETF Stock Down 1.5%

Shares of NYSEARCA MORT opened at $10.02 on Friday. The stock has a market capitalization of $385.77 million, a price-to-earnings ratio of 14.67 and a beta of 1.20. VanEck Mortgage REIT Income ETF has a 52 week low of $9.70 and a 52 week high of $11.44. The firm has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.59.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MORT. Kestra Advisory Services LLC purchased a new stake in shares of VanEck Mortgage REIT Income ETF during the 4th quarter worth approximately $33,000. Advisory Services Network LLC purchased a new position in VanEck Mortgage REIT Income ETF in the 3rd quarter valued at approximately $61,000. Phoenix Financial Ltd. purchased a new position in VanEck Mortgage REIT Income ETF in the 4th quarter valued at approximately $70,000. Triumph Capital Management acquired a new position in VanEck Mortgage REIT Income ETF during the third quarter worth $107,000. Finally, Clear Creek Financial Management LLC acquired a new position in VanEck Mortgage REIT Income ETF during the fourth quarter worth $108,000.

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.