ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) to Issue Dividend of $0.51

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) declared a dividend on Friday, January 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of 0.5095 per share on Thursday, May 21st. The ex-dividend date of this dividend is Wednesday, May 13th. This is a 431.3% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN stock opened at $14.81 on Monday. The company’s fifty day simple moving average is $14.18 and its 200-day simple moving average is $14.76. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $12.66 and a 1-year high of $17.00.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Company Profile

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.