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) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 4,863 shares, a growth of 150.9% from the July 30th total of 1,938 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 6,760 shares, the short-interest ratio is currently 0.7 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Down 0.4%

Shares of MVRL stock opened at $12.96 on Friday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1 year low of $12.55 and a 1 year high of $17.00. The stock has a fifty day moving average of $13.34 and a two-hundred day moving average of $13.79.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 20th. Stockholders of record on Wednesday, August 12th were issued a $0.118 dividend. The ex-dividend date was 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.