ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Shares Shorted: Short Interest Up 101.3% in September

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

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of NYSEARCA MVRL traded down $0.12 during mid-day trading on Monday, hitting $10.54. The stock had a trading volume of 1,136 shares, compared to its average volume of 4,978. The company has a 50 day moving average of $12.68 and a two-hundred day moving average of $13.39. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a twelve month low of $10.36 and a twelve month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th were issued a $0.1596 dividend. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1180. The ex-dividend date of this dividend 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.