VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Sees Significant Growth in Short Interest

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 448,387 shares, a growth of 318.5% from the February 12th total of 107,152 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 1,785,302 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,785,302 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.3% of the shares of the company are short sold.

VanEck Mortgage REIT Income ETF Stock Down 1.9%

MORT stock opened at $10.30 on Friday. The firm has a 50 day moving average of $10.85 and a 200 day moving average of $10.74. The stock has a market capitalization of $362.05 million, a PE ratio of 14.67 and a beta of 1.30. VanEck Mortgage REIT Income ETF has a 52 week low of $8.81 and a 52 week high of $11.62.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

A number of large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in VanEck Mortgage REIT Income ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 71,710 shares of the company’s stock worth $757,000 after acquiring an additional 3,577 shares during the period. New England Private Wealth Advisors LLC acquired a new stake in shares of VanEck Mortgage REIT Income ETF during the second quarter worth about $589,000. Advyzon Investment Management LLC lifted its holdings in shares of VanEck Mortgage REIT Income ETF by 27.1% during the second quarter. Advyzon Investment Management LLC now owns 33,954 shares of the company’s stock worth $359,000 after purchasing an additional 7,237 shares during the period. Cetera Investment Advisers boosted its position in VanEck Mortgage REIT Income ETF by 3.2% in the second quarter. Cetera Investment Advisers now owns 159,058 shares of the company’s stock valued at $1,680,000 after buying an additional 4,955 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in VanEck Mortgage REIT Income ETF in the second quarter valued at approximately $154,000.

About VanEck Mortgage REIT Income ETF

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.