Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Drops By 82.0%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 203 shares, a drop of 82.0% from the June 15th total of 1,128 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,216 shares, the short-interest ratio is presently 0.0 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Down 1.9%

Shares of NYSEARCA:MVRL traded down $0.26 during trading hours on Monday, hitting $13.62. 3,604 shares of the company’s stock traded hands, compared to its average volume of 5,282. 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. The business has a fifty day moving average price of $13.58 and a 200-day moving average price of $14.38.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be issued a $0.3883 dividend. The ex-dividend date is Tuesday, July 14th. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

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.