VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Short Interest Up 117.9% in April

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 734,561 shares, a growth of 117.9% from the April 15th total of 337,135 shares. Based on an average trading volume of 778,693 shares, the short-interest ratio is currently 0.9 days. Approximately 1.9% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Mortgage REIT Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MORT. HighTower Advisors LLC purchased a new position in shares of VanEck Mortgage REIT Income ETF during the 4th quarter worth approximately $13,388,000. LPL Financial LLC boosted its stake in shares of VanEck Mortgage REIT Income ETF by 9.4% in the fourth quarter. LPL Financial LLC now owns 1,212,310 shares of the company’s stock valued at $12,741,000 after buying an additional 104,508 shares in the last quarter. Gradient Investments LLC grew its holdings in VanEck Mortgage REIT Income ETF by 1.8% during the fourth quarter. Gradient Investments LLC now owns 706,782 shares of the company’s stock worth $7,428,000 after acquiring an additional 12,790 shares during the period. Bank of America Corp DE grew its holdings in VanEck Mortgage REIT Income ETF by 15.4% during the second quarter. Bank of America Corp DE now owns 549,788 shares of the company’s stock worth $5,806,000 after acquiring an additional 73,543 shares during the period. Finally, Cetera Investment Advisers raised its position in VanEck Mortgage REIT Income ETF by 14.0% in the first quarter. Cetera Investment Advisers now owns 285,155 shares of the company’s stock worth $2,926,000 after acquiring an additional 35,011 shares in the last quarter.

VanEck Mortgage REIT Income ETF Stock Down 1.5%

Shares of VanEck Mortgage REIT Income ETF stock opened at $10.02 on Friday. The firm has a market cap of $385.77 million, a price-to-earnings ratio of 14.67 and a beta of 1.20. VanEck Mortgage REIT Income ETF has a 52-week low of $9.70 and a 52-week high of $11.44. The company’s 50-day simple moving average is $10.29 and its 200-day simple moving average is $10.59.

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.