ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Down 88.3% in June

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,128 shares, a decrease of 88.3% from the May 31st total of 9,601 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 6,781 shares, the days-to-cover ratio is currently 0.2 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 1.5%

Shares of NYSEARCA MVRL traded up $0.20 during trading on Friday, hitting $13.60. 557 shares of the company were exchanged, compared to its average volume of 5,400. The company has a fifty day moving average price of $13.85 and a 200-day moving average price of $14.48. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $12.66 and a 12-month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were paid a dividend of $0.1037 per share. The ex-dividend date of this dividend was Friday, June 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.