ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 4,807 shares, an increase of 2,268.0% from the June 30th total of 203 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,903 shares, the days-to-cover ratio is presently 1.7 days.
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 0.9%
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock traded up $0.12 during trading hours on Friday, hitting $12.96. The stock had a trading volume of 6,442 shares, compared to its average volume of 5,277. The stock’s 50-day moving average price is $13.42 and its 200-day moving average price is $14.28. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $12.66 and a 12-month high of $17.00.
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.3883 per share. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, July 14th.
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.
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