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 significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,863 shares, an increase of 150.9% from the July 30th total of 1,938 shares. Based on an average daily trading volume, of 6,760 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are short sold.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of NYSEARCA MVRL traded down $0.05 during midday trading on Friday, hitting $12.96. 4,603 shares of the company’s stock were exchanged, compared to its average volume of 5,156. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $12.55 and a 12 month high of $17.00. The company’s 50 day moving average price is $13.34 and its 200 day moving average price is $13.79.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.118 per share. The ex-dividend date of this dividend was Wednesday, August 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.