VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Sees Large Growth in Short Interest

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 388,515 shares, a growth of 81.7% from the December 31st total of 213,797 shares. Based on an average daily volume of 793,935 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.1% of the shares of the company are short sold. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 793,935 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MORT. Ashton Thomas Private Wealth LLC purchased a new position in shares of VanEck Mortgage REIT Income ETF during the 2nd quarter worth approximately $2,637,000. Quadrature Capital Ltd acquired a new stake in VanEck Mortgage REIT Income ETF during the 3rd quarter valued at $1,788,000. Tower Research Capital LLC TRC lifted its position in shares of VanEck Mortgage REIT Income ETF by 2,318.7% in the second quarter. Tower Research Capital LLC TRC now owns 141,327 shares of the company’s stock valued at $1,492,000 after acquiring an additional 135,484 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in shares of VanEck Mortgage REIT Income ETF in the fourth quarter valued at $1,152,000. Finally, Bank of America Corp DE boosted its stake in shares of VanEck Mortgage REIT Income ETF by 15.4% during the second quarter. Bank of America Corp DE now owns 549,788 shares of the company’s stock valued at $5,806,000 after acquiring an additional 73,543 shares during the last quarter.

VanEck Mortgage REIT Income ETF Stock Performance

NYSEARCA:MORT traded down $0.48 during trading hours on Friday, hitting $10.82. The company’s stock had a trading volume of 4,496,288 shares, compared to its average volume of 1,447,819. VanEck Mortgage REIT Income ETF has a 52-week low of $8.81 and a 52-week high of $11.79. The business’s 50-day moving average is $10.89 and its two-hundred day moving average is $10.73. The company has a market capitalization of $376.54 million, a PE ratio of 14.67 and a beta of 1.30.

About VanEck Mortgage REIT Income ETF

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.