VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 276,078 shares, a drop of 38.4% from the February 26th total of 448,387 shares. Based on an average daily volume of 1,912,504 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in MORT. Kestra Advisory Services LLC bought a new stake in shares of VanEck Mortgage REIT Income ETF in the 4th quarter valued at approximately $33,000. Advisory Services Network LLC acquired a new position in VanEck Mortgage REIT Income ETF in the third quarter worth $61,000. Phoenix Financial Ltd. acquired a new position in VanEck Mortgage REIT Income ETF in the fourth quarter worth $70,000. Triumph Capital Management bought a new stake in VanEck Mortgage REIT Income ETF during the third quarter valued at $107,000. Finally, Clear Creek Financial Management LLC bought a new stake in VanEck Mortgage REIT Income ETF during the fourth quarter valued at $108,000.
VanEck Mortgage REIT Income ETF Price Performance
NYSEARCA:MORT traded down $0.11 during mid-day trading on Friday, reaching $9.90. The stock had a trading volume of 1,169,567 shares, compared to its average volume of 1,768,909. The company has a market capitalization of $347.99 million, a price-to-earnings ratio of 14.67 and a beta of 1.30. VanEck Mortgage REIT Income ETF has a 1-year low of $8.81 and a 1-year high of $11.44. The stock’s 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $10.68.
VanEck Mortgage REIT Income ETF Company Profile
The VanEck Mortgage REIT Income ETF (MORT) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index, a market-cap-weighted index of mortgage REITs. MORT was launched on Aug 16, 2011 and is managed by VanEck.
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