ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Stock Short Interest Jumps 84.8%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the recipient of a large increase in short interest during the month of 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 shares of the company are sold short. 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 Trading Down 3.8%

MVRL stock opened at $8.77 on Friday. The firm has a fifty day moving average price of $10.74 and a two-hundred day moving average price of $13.25. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $8.35 and a 1-year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

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

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.