VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Sees Large Increase in Short Interest

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 797,218 shares, an increase of 180.0% from the August 15th total of 284,729 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 845,086 shares, the days-to-cover ratio is currently 0.9 days.

VanEck Mortgage REIT Income ETF Stock Performance

Shares of NYSEARCA MORT traded down $0.06 during midday trading on Monday, reaching $9.29. 1,769,750 shares of the company traded hands, compared to its average volume of 1,248,654. VanEck Mortgage REIT Income ETF has a 12 month low of $9.25 and a 12 month high of $11.44. The stock’s 50-day simple moving average is $9.83 and its 200-day simple moving average is $10.09. The firm has a market cap of $361.38 million, a PE ratio of 14.67 and a beta of 1.16.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MORT. Bank of America Corp DE boosted its position in shares of VanEck Mortgage REIT Income ETF by 266.8% in the 1st quarter. Bank of America Corp DE now owns 2,355,913 shares of the company’s stock worth $24,172,000 after purchasing an additional 1,713,570 shares during the last quarter. HighTower Advisors LLC bought a new stake in VanEck Mortgage REIT Income ETF in the fourth quarter valued at about $13,388,000. Elevation Point Wealth Partners LLC acquired a new position in VanEck Mortgage REIT Income ETF in the first quarter valued at about $659,000. Cetera Investment Advisers lifted its stake in VanEck Mortgage REIT Income ETF by 14.0% in the first quarter. Cetera Investment Advisers now owns 285,155 shares of the company’s stock valued at $2,926,000 after buying an additional 35,011 shares during the period. Finally, One Wealth Map LLC boosted its holdings in VanEck Mortgage REIT Income ETF by 24.1% during the first quarter. One Wealth Map LLC now owns 121,850 shares of the company’s stock worth $1,295,000 after buying an additional 23,677 shares during the last quarter.

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.