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 growth in short interest in July. As of July 15th, there was short interest totaling 4,807 shares, a growth of 2,268.0% from the June 30th total of 203 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 2,903 shares, the short-interest ratio is presently 1.7 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Up 0.9%

Shares of NYSEARCA MVRL traded up $0.12 during mid-day trading on Friday, hitting $12.96. 6,442 shares of the stock traded hands, compared to its average volume of 5,277. 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 stock has a fifty day moving average price of $13.42 and a 200-day moving average price of $14.28.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a dividend of $0.3883 per share. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, July 14th.

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.