VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Sees Large Drop in Short Interest

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 284,729 shares, a drop of 57.4% from the July 30th total of 668,805 shares. Based on an average daily trading volume, of 973,010 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are short sold.

VanEck Mortgage REIT Income ETF Price Performance

Shares of MORT stock traded down $0.02 on Friday, hitting $9.81. 731,219 shares of the stock traded hands, compared to its average volume of 1,264,750. VanEck Mortgage REIT Income ETF has a 52 week low of $9.59 and a 52 week high of $11.44. The firm has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $10.17. The firm has a market cap of $381.61 million, a price-to-earnings ratio of 14.67 and a beta of 1.17.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in VanEck Mortgage REIT Income ETF in the 4th quarter worth approximately $33,000. Advisory Services Network LLC purchased a new stake in shares of VanEck Mortgage REIT Income ETF during the 3rd quarter worth approximately $61,000. Phoenix Financial Ltd. bought a new position in shares of VanEck Mortgage REIT Income ETF during the 4th quarter valued at approximately $70,000. Triumph Capital Management boosted its position in shares of VanEck Mortgage REIT Income ETF by 12.9% during the 2nd quarter. Triumph Capital Management now owns 9,643 shares of the company’s stock valued at $100,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of VanEck Mortgage REIT Income ETF during the 1st quarter valued at approximately $110,000.

About VanEck Mortgage REIT Income ETF

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.