ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Update

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 203 shares, a decline of 82.0% from the June 15th total of 1,128 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 8,216 shares, the days-to-cover ratio is currently 0.0 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 1.0%

MVRL traded up $0.14 during trading on Friday, reaching $13.88. 810 shares of the stock were exchanged, compared to its average volume of 5,295. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1 year low of $12.66 and a 1 year high of $17.00. The business’s 50 day moving average price is $13.61 and its two-hundred day moving average price is $14.39.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be paid a $0.3883 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

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.