Short Interest in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Drops By 45.2%

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 213,797 shares, a decline of 45.2% from the December 15th total of 390,024 shares. Based on an average trading volume of 699,902 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 699,902 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Mortgage REIT Income ETF Stock Performance

MORT stock traded up $0.22 during midday trading on Friday, reaching $11.42. The company’s stock had a trading volume of 1,788,744 shares, compared to its average volume of 884,249. The stock has a fifty day simple moving average of $10.72 and a two-hundred day simple moving average of $10.69. The firm has a market capitalization of $408.27 million, a price-to-earnings ratio of 14.67 and a beta of 1.30. VanEck Mortgage REIT Income ETF has a 1 year low of $8.81 and a 1 year high of $11.79.

Hedge Funds Weigh In On VanEck Mortgage REIT Income ETF

Institutional investors have recently modified their holdings of the stock. Advyzon Investment Management LLC boosted its position in VanEck Mortgage REIT Income ETF by 27.1% during the 2nd quarter. Advyzon Investment Management LLC now owns 33,954 shares of the company’s stock valued at $359,000 after acquiring an additional 7,237 shares in the last quarter. Fifth Third Securities Inc. grew its holdings in VanEck Mortgage REIT Income ETF by 25.0% in the second quarter. Fifth Third Securities Inc. now owns 47,473 shares of the company’s stock worth $501,000 after purchasing an additional 9,481 shares during the last quarter. Institute for Wealth Management LLC. increased its position in shares of VanEck Mortgage REIT Income ETF by 74.7% during the second quarter. Institute for Wealth Management LLC. now owns 25,811 shares of the company’s stock worth $273,000 after purchasing an additional 11,036 shares in the last quarter. Drive Wealth Management LLC grew its stake in VanEck Mortgage REIT Income ETF by 8.8% during the 2nd quarter. Drive Wealth Management LLC now owns 344,425 shares of the company’s stock worth $3,637,000 after buying an additional 27,823 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in VanEck Mortgage REIT Income ETF in the second quarter valued at about $26,000.

VanEck Mortgage REIT Income ETF Company Profile

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.