ETRACS Silver Shares Covered Call ETN (SLVO) To Go Ex-Dividend on February 20th

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) declared a monthly dividend on Friday, January 1st. Stockholders of record on Friday, February 20th will be paid a dividend of 7.9101 per share on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 95.8%. The ex-dividend date of this dividend is Friday, February 20th. This is a 36.6% increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $5.79.

ETRACS Silver Shares Covered Call ETN Stock Up 4.5%

NASDAQ:SLVO traded up $4.26 during trading hours on Wednesday, hitting $99.10. 51,356 shares of the company’s stock traded hands, compared to its average volume of 83,027. The stock’s fifty day moving average price is $100.52 and its two-hundred day moving average price is $94.10. ETRACS Silver Shares Covered Call ETN has a twelve month low of $72.60 and a twelve month high of $107.41.

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.