ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN to Issue Dividend of $0.09 (NYSEARCA:MVRL)

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) declared a dividend on Friday, January 1st. Stockholders of record on Friday, March 13th will be given a dividend of 0.0883 per share on Monday, March 23rd. The ex-dividend date is Friday, March 13th.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock traded down $0.24 during midday trading on Wednesday, hitting $14.13. 904 shares of the company’s stock were exchanged, compared to its average volume of 5,796. The stock has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $15.06. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52-week low of $11.78 and a 52-week high of $17.23.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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.