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

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

VanEck Mortgage REIT Income ETF Trading Up 1.0%

Shares of MORT stock traded up $0.10 during trading hours on Wednesday, reaching $9.99. 363,325 shares of the stock were exchanged, compared to its average volume of 1,283,426. The firm has a market capitalization of $388.61 million, a price-to-earnings ratio of 14.67 and a beta of 1.17. VanEck Mortgage REIT Income ETF has a 12-month low of $9.59 and a 12-month high of $11.44. The company’s 50-day moving average price is $9.95 and its 200-day moving average price is $10.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in shares of VanEck Mortgage REIT Income ETF by 3.6% in the second quarter. Thrivent Financial for Lutherans now owns 30,530 shares of the company’s stock valued at $322,000 after acquiring an additional 1,074 shares in the last quarter. TPG Advisors LLC lifted its holdings in VanEck Mortgage REIT Income ETF by 11.2% during the first quarter. TPG Advisors LLC now owns 16,833 shares of the company’s stock worth $173,000 after buying an additional 1,700 shares during the period. Equitable Holdings Inc. increased its holdings in shares of VanEck Mortgage REIT Income ETF by 1.8% in the 4th quarter. Equitable Holdings Inc. now owns 116,100 shares of the company’s stock valued at $1,220,000 after acquiring an additional 2,084 shares during the period. Sigma Planning Corp boosted its position in VanEck Mortgage REIT Income ETF by 17.3% during the fourth quarter. Sigma Planning Corp now owns 20,288 shares of the company’s stock valued at $213,000 after purchasing an additional 2,988 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in VanEck Mortgage REIT Income ETF in the fourth quarter valued at about $33,000.

VanEck Mortgage REIT Income ETF Company Profile

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.