ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL – Get Free Report) declared a monthly dividend on Saturday, October 31st. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.1376 per share on Friday, November 20th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 18.4%. The ex-dividend date of this dividend is Thursday, November 12th.
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Up 0.8%
Shares of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock opened at $8.96 on Tuesday. The business’s 50-day moving average price is $10.25 and its 200-day moving average price is $13.04. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $8.35 and a 12 month high of $17.00.
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.
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