ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Sees Large Growth in Short Interest

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,078 shares, an increase of 1,189.0% from the April 30th total of 937 shares. Based on an average daily volume of 6,898 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.3% of the company’s stock are sold short.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Down 1.6%

Shares of NYSEARCA MVRL traded down $0.21 during midday trading on Friday, hitting $13.30. The company’s stock had a trading volume of 3,925 shares, compared to its average volume of 5,055. The business’s fifty day simple moving average is $13.99 and its two-hundred day simple moving average is $14.67. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1 year low of $12.66 and a 1 year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a $0.5095 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

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.