ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Issue Dividend of $0.16 on September 22nd

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRLGet Free Report) announced a dividend on Wednesday, September 2nd. Investors of record on Monday, September 14th will be paid a dividend of 0.1596 per share on Tuesday, September 22nd. The ex-dividend date is Monday, September 14th. This is a 35.3% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

MVRL stock opened at $12.88 on Friday. The firm’s fifty day moving average is $13.30 and its 200 day moving average is $13.71. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a one year low of $12.50 and a one year high of $17.00.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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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.

See Also

Dividend History for ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL)

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