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

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 668,805 shares, a decline of 36.6% from the July 15th total of 1,054,625 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 1,269,418 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MORT. Jane Street Group LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF in the 2nd quarter valued at approximately $134,000. Bank of America Corp DE raised its stake in shares of VanEck Mortgage REIT Income ETF by 15.4% during the 2nd quarter. Bank of America Corp DE now owns 549,788 shares of the company’s stock worth $5,806,000 after purchasing an additional 73,543 shares in the last quarter. MML Investors Services LLC raised its stake in shares of VanEck Mortgage REIT Income ETF by 6.4% during the 2nd quarter. MML Investors Services LLC now owns 230,615 shares of the company’s stock worth $2,435,000 after purchasing an additional 13,787 shares in the last quarter. Tower Research Capital LLC TRC raised its position in 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 worth $1,492,000 after acquiring an additional 135,484 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in 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 worth $322,000 after acquiring an additional 1,074 shares in the last quarter.

VanEck Mortgage REIT Income ETF Stock Up 1.6%

MORT stock opened at $10.05 on Thursday. VanEck Mortgage REIT Income ETF has a twelve month low of $9.59 and a twelve month high of $11.44. The business’s fifty day moving average is $9.95 and its 200-day moving average is $10.22. The company has a market cap of $390.94 million, a P/E ratio of 14.67 and a beta of 1.17.

About VanEck Mortgage REIT Income ETF

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.