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) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,938 shares, a decrease of 59.7% from the July 15th total of 4,807 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 5,088 shares, the short-interest ratio is currently 0.4 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Down 0.2%

NYSEARCA MVRL traded down $0.02 during midday trading on Friday, hitting $13.27. 382 shares of the company traded hands, compared to its average volume of 5,339. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52 week low of $12.55 and a 52 week high of $17.00. The company’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $13.98.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 20th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.118 per share. The ex-dividend date is Wednesday, August 12th.

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.