ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Short Interest Down 88.3% in June

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,128 shares, a drop of 88.3% from the May 31st total of 9,601 shares. Based on an average daily volume of 6,781 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Up 2.2%

Shares of MVRL traded up $0.30 during trading hours on Friday, reaching $13.69. 1,059 shares of the company traded hands, compared to its average volume of 5,405. The company’s fifty day moving average price is $13.82 and its two-hundred day moving average price is $14.47. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $12.66 and a 12 month high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were issued a $0.1037 dividend. The ex-dividend date was Friday, June 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.