ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 937 shares, a decline of 81.6% from the April 15th total of 5,088 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,332 shares, the days-to-cover ratio is currently 0.3 days.
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance
Shares of MVRL stock traded down $0.04 on Tuesday, hitting $14.56. The company had a trading volume of 6,170 shares, compared to its average volume of 5,047. The company has a 50-day moving average price of $14.18 and a 200-day moving average price of $14.77. 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.
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 21st. Stockholders of record on Wednesday, May 13th will be issued a $0.5095 dividend. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10. The ex-dividend date of this dividend is Wednesday, May 13th.
About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
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.
Featured Stories
- Five stocks we like better than ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN and related companies with MarketBeat.com's FREE daily email newsletter.
