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 target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,373 shares, a drop of 71.8% from the August 15th total of 4,863 shares. Based on an average trading volume of 2,333 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

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

Shares of NYSEARCA MVRL traded down $0.05 during mid-day trading on Friday, hitting $12.11. The company had a trading volume of 7,600 shares, compared to its average volume of 5,040. The business’s 50-day simple moving average is $13.17 and its 200 day simple moving average is $13.62. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $11.78 and a 1-year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th will be issued a $0.1596 dividend. The ex-dividend date of this dividend is Monday, September 14th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12.

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.