ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Stock Short Interest Climbs 101.3%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,764 shares, a growth of 101.3% from the August 31st total of 1,373 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 3,636 shares, the days-to-cover ratio is currently 0.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock traded down $0.12 during trading on Monday, hitting $10.54. 1,136 shares of the stock traded hands, compared to its average volume of 4,978. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52-week low of $10.36 and a 52-week high of $17.00. The stock’s fifty day simple moving average is $12.68 and its 200 day simple moving average is $13.39.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th were given a dividend of $0.1596 per share. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1180. The ex-dividend date of this dividend was Monday, September 14th.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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.