VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Sees Significant Drop in Short Interest

VanEck Mortgage REIT Income ETF (NYSEARCA:MORTGet Free Report) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 167,816 shares, a drop of 56.8% from the January 15th total of 388,515 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 2,101,817 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 2,101,817 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the company’s shares are short sold.

VanEck Mortgage REIT Income ETF Trading Up 0.6%

Shares of NYSEARCA MORT traded up $0.06 during trading hours on Friday, hitting $10.82. 1,649,429 shares of the company traded hands, compared to its average volume of 1,568,494. The company’s 50 day moving average price is $10.89 and its 200 day moving average price is $10.75. VanEck Mortgage REIT Income ETF has a 12 month low of $8.81 and a 12 month high of $11.79. The stock has a market capitalization of $380.32 million, a price-to-earnings ratio of 14.67 and a beta of 1.30.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

Institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of VanEck Mortgage REIT Income ETF during the 2nd quarter worth about $26,000. Kestra Advisory Services LLC purchased a new position in shares of VanEck Mortgage REIT Income ETF during the fourth quarter valued at approximately $33,000. Advisory Services Network LLC bought a new position in shares of VanEck Mortgage REIT Income ETF during the third quarter valued at approximately $61,000. Phoenix Financial Ltd. bought a new position in shares of VanEck Mortgage REIT Income ETF during the fourth quarter valued at approximately $70,000. Finally, Triumph Capital Management purchased a new stake in shares of VanEck Mortgage REIT Income ETF in the third quarter worth approximately $107,000.

About VanEck Mortgage REIT Income ETF

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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.

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