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 decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,938 shares, a decrease of 59.7% from the July 15th total of 4,807 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,088 shares, the short-interest ratio is currently 0.4 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of MVRL opened at $13.27 on Monday. The stock’s 50-day moving average price is $13.36 and its two-hundred day moving average price is $13.97. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $12.55 and a 12 month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be given a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, August 12th.

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.