ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Up 2,268.0% in July

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 4,807 shares, a growth of 2,268.0% from the June 30th total of 203 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,903 shares, the days-to-cover ratio is presently 1.7 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 0.9%

MVRL opened at $12.96 on Friday. 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. The company has a 50 day moving average of $13.42 and a 200 day moving average of $14.28.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a dividend of $0.3883 per share. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10. The ex-dividend date was Tuesday, July 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.