Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declines By 59.7%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,938 shares, a decrease of 59.7% from the July 15th total of 4,807 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 5,088 shares, the short-interest ratio is currently 0.4 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Down 0.2%

Shares of MVRL stock traded down $0.02 during trading hours on Friday, reaching $13.27. The stock had a trading volume of 382 shares, compared to its average volume of 5,339. The firm has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $13.98. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a twelve month low of $12.55 and a twelve month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be given a $0.118 dividend. The ex-dividend date is 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.