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

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of MVRL opened at $12.93 on Friday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1 year low of $12.55 and a 1 year high of $17.00. The stock’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $13.80.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were paid 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.