ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Stock Short Interest Report for October

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,796 shares, a growth of 84.8% from the September 30th total of 2,054 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 4,709 shares, the days-to-cover ratio is currently 0.8 days.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Up 1.6%

NYSEARCA:MVRL traded up $0.14 during mid-day trading on Monday, reaching $8.91. The stock had a trading volume of 4,044 shares, compared to its average volume of 4,852. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a fifty-two week low of $8.35 and a fifty-two week high of $17.00. The business’s 50 day moving average is $10.74 and its 200 day moving average is $13.25.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 21st. Investors of record on Tuesday, October 13th were paid a $0.3780 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1596.

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.