Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Grows By 150.9%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of 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. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 6,760 shares, the short-interest ratio is presently 0.7 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of NYSEARCA MVRL opened at $12.93 on Friday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a fifty-two week low of $12.55 and a fifty-two week high of $17.00. The company’s 50 day simple moving average is $13.34 and its 200 day simple moving average is $13.80.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

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

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.