Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Grows By 1,189.0%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 12,078 shares, an increase of 1,189.0% from the April 30th total of 937 shares. Based on an average daily trading volume, of 6,898 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.3% of the shares of the stock are short sold.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

NYSEARCA:MVRL traded up $0.14 during trading hours on Wednesday, hitting $13.60. The company’s stock had a trading volume of 5,841 shares, compared to its average volume of 5,080. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a twelve month low of $12.66 and a twelve month high of $17.00. The stock has a fifty day simple moving average of $14.00 and a 200-day simple moving average of $14.68.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th were paid a $0.5095 dividend. The ex-dividend date was Wednesday, May 13th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

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.