VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 797,218 shares, a growth of 180.0% from the August 15th total of 284,729 shares. Based on an average daily volume of 845,086 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.0% of the shares of the stock are short sold.
VanEck Mortgage REIT Income ETF Price Performance
Shares of VanEck Mortgage REIT Income ETF stock opened at $9.35 on Friday. The firm has a 50 day simple moving average of $9.83 and a 200 day simple moving average of $10.10. VanEck Mortgage REIT Income ETF has a fifty-two week low of $9.35 and a fifty-two week high of $11.44. The firm has a market cap of $363.71 million, a P/E ratio of 14.67 and a beta of 1.16.
Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF during the fourth quarter valued at $33,000. Advisory Services Network LLC acquired a new stake in VanEck Mortgage REIT Income ETF in the third quarter worth about $61,000. Phoenix Financial Ltd. acquired a new stake in VanEck Mortgage REIT Income ETF in the fourth quarter worth about $70,000. Triumph Capital Management raised its holdings in VanEck Mortgage REIT Income ETF by 12.9% during the 2nd quarter. Triumph Capital Management now owns 9,643 shares of the company’s stock worth $100,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in VanEck Mortgage REIT Income ETF during the 1st quarter worth about $110,000.
VanEck Mortgage REIT Income ETF Company Profile
The VanEck Mortgage REIT Income ETF (MORT) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index, a market-cap-weighted index of mortgage REITs. MORT was launched on Aug 16, 2011 and is managed by VanEck.
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