ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,373 shares, a decrease of 71.8% from the August 15th total of 4,863 shares. Based on an average daily volume of 2,333 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are sold short.
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Down 0.4%
Shares of MVRL traded down $0.05 on Friday, reaching $12.11. The stock had a trading volume of 7,600 shares, compared to its average volume of 5,040. The company has a 50-day simple moving average of $13.17 and a 200-day simple moving average of $13.63. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $11.78 and a 12-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 Tuesday, September 22nd. Investors of record on Monday, September 14th will be given a dividend of $0.1596 per share. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12. The ex-dividend date of this dividend is Monday, September 14th.
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.
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