ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Sees Significant Drop in Short Interest

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,373 shares, a decline of 71.8% from the August 15th total of 4,863 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,333 shares, the days-to-cover ratio is presently 0.6 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Down 0.4%

Shares of MVRL traded down $0.05 during mid-day trading on Friday, reaching $12.11. 7,600 shares of the stock traded hands, compared to its average volume of 5,040. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1 year low of $11.78 and a 1 year high of $17.00. The firm has a fifty day moving average price of $13.17 and a 200 day moving average price of $13.63.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th will be issued a $0.1596 dividend. The ex-dividend date of this dividend is Monday, September 14th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12.

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.