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

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 734,561 shares, an increase of 117.9% from the April 15th total of 337,135 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 778,693 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MORT. Jane Street Group LLC purchased a new position in VanEck Mortgage REIT Income ETF during the second quarter worth $134,000. Bank of America Corp DE boosted its position in shares of VanEck Mortgage REIT Income ETF by 15.4% during the second quarter. Bank of America Corp DE now owns 549,788 shares of the company’s stock valued at $5,806,000 after buying an additional 73,543 shares during the period. MML Investors Services LLC boosted its position in shares of VanEck Mortgage REIT Income ETF by 6.4% during the second quarter. MML Investors Services LLC now owns 230,615 shares of the company’s stock valued at $2,435,000 after buying an additional 13,787 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of VanEck Mortgage REIT Income ETF by 2,318.7% during the second quarter. Tower Research Capital LLC TRC now owns 141,327 shares of the company’s stock valued at $1,492,000 after buying an additional 135,484 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of VanEck Mortgage REIT Income ETF by 3.6% during the second quarter. Thrivent Financial for Lutherans now owns 30,530 shares of the company’s stock valued at $322,000 after buying an additional 1,074 shares during the period.

VanEck Mortgage REIT Income ETF Stock Performance

NYSEARCA MORT traded down $0.15 on Friday, hitting $10.02. 627,407 shares of the stock were exchanged, compared to its average volume of 1,464,152. The stock has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $10.59. The firm has a market capitalization of $385.77 million, a P/E ratio of 14.67 and a beta of 1.20. VanEck Mortgage REIT Income ETF has a 52-week low of $9.70 and a 52-week high of $11.44.

VanEck Mortgage REIT Income ETF Company Profile

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.