Short Interest in ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declines By 59.7%

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,938 shares, a decline of 59.7% from the July 15th total of 4,807 shares. Based on an average trading volume of 5,088 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of MVRL stock traded down $0.02 on Friday, hitting $13.27. 382 shares of the stock traded hands, compared to its average volume of 5,339. The company’s fifty day moving average is $13.36 and its 200 day moving average is $13.98. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $12.55 and a 1-year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 20th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, August 12th.

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.