ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Plans Dividend Increase – $5.79 Per Share

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) declared a monthly dividend on Tuesday, January 6th. Shareholders of record on Wednesday, January 21st will be given a dividend of 5.7891 per share on Monday, January 26th. This represents a c) annualized dividend and a yield of 69.0%. The ex-dividend date of this dividend is Wednesday, January 21st. This is a 115.4% increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $2.69.

ETRACS Silver Shares Covered Call ETN Stock Down 0.2%

Shares of SLVO traded down $0.25 during mid-day trading on Thursday, hitting $100.70. 35,580 shares of the company’s stock were exchanged, compared to its average volume of 33,876. ETRACS Silver Shares Covered Call ETN has a fifty-two week low of $72.60 and a fifty-two week high of $102.49. The stock’s 50-day moving average is $97.16 and its 200-day moving average is $90.34.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.