ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Shares Shorted: Short Interest Up 84.8% in October

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,796 shares, a growth of 84.8% from the September 30th total of 2,054 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 4,709 shares, the short-interest ratio is currently 0.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 1.6%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock opened at $8.91 on Tuesday. The business’s 50-day moving average price is $10.66 and its 200 day moving average price is $13.22. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52 week low of $8.35 and a 52 week high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 21st. Stockholders of record on Tuesday, October 13th were given a dividend of $0.3780 per share. This is a positive change from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1596. The ex-dividend date was Tuesday, October 13th.

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.