ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Shares Shorted: Short Interest Up 101.3% in September

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,764 shares, an increase of 101.3% from the August 31st total of 1,373 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 3,636 shares, the days-to-cover ratio is currently 0.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock opened at $10.45 on Wednesday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a one year low of $10.31 and a one year high of $17.00. The stock’s 50 day moving average price is $12.56 and its 200 day moving average price is $13.34.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th were paid a $0.1596 dividend. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1180. The ex-dividend date was Monday, September 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.