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 target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 203 shares, a decrease of 82.0% from the June 15th total of 1,128 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,216 shares, the days-to-cover ratio is presently 0.0 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

MVRL traded down $0.26 on Monday, reaching $13.62. 3,604 shares of the company traded hands, compared to its average volume of 5,282. The stock’s 50 day moving average price is $13.58 and its 200-day moving average price is $14.38. 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.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be issued a dividend of $0.3883 per share. The ex-dividend date is Tuesday, July 14th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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.