ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Sees Large Increase 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 October. As of October 15th, there was short interest totaling 3,796 shares, an increase of 84.8% from the September 30th total of 2,054 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 4,709 shares, the short-interest ratio is presently 0.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of NYSEARCA MVRL opened at $8.77 on Friday. The business has a fifty day moving average of $10.74 and a two-hundred day moving average of $13.25. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52-week low of $8.35 and a 52-week high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th were paid a $0.3780 dividend. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1596. The ex-dividend date of this dividend was Tuesday, October 13th.

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.