ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Update

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 May. As of May 15th, there was short interest totaling 12,078 shares, an increase of 1,189.0% from the April 30th total of 937 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 6,898 shares, the days-to-cover ratio is currently 1.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 1.0%

MVRL stock opened at $13.60 on Thursday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52 week low of $12.66 and a 52 week high of $17.00. The firm’s fifty day moving average is $14.00 and its 200 day moving average is $14.68.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 13th were given a dividend of $0.5095 per share. The ex-dividend date was Wednesday, May 13th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

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.