Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Drops By 88.3%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,128 shares, a decrease of 88.3% from the May 31st total of 9,601 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 6,781 shares, the days-to-cover ratio is presently 0.2 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 2.2%

NYSEARCA:MVRL traded up $0.30 during trading hours on Friday, hitting $13.69. The stock had a trading volume of 1,059 shares, compared to its average volume of 5,405. The business has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $14.47. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $12.66 and a 1-year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were paid a dividend of $0.1037 per share. The ex-dividend date was Friday, June 12th.

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.