Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Grows By 1,189.0%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,078 shares, an increase of 1,189.0% from the April 30th total of 937 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,898 shares, the short-interest ratio is presently 1.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Up 1.0%

Shares of MVRL stock traded up $0.14 during trading on Wednesday, hitting $13.60. The company had a trading volume of 5,841 shares, compared to its average volume of 5,080. The stock’s 50-day moving average price is $14.00 and its 200 day moving average price is $14.68. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a one year low of $12.66 and a one year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 13th were paid a $0.5095 dividend. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10. The ex-dividend date of this dividend was Wednesday, May 13th.

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.