ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Announces $0.12 Dividend

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) declared a dividend on Friday, July 31st. Investors of record on Wednesday, August 12th will be given a dividend of 0.118 per share on Thursday, August 20th. The ex-dividend date is Wednesday, August 12th.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of MVRL stock opened at $13.25 on Monday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52-week low of $12.55 and a 52-week high of $17.00. The company has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $14.08.

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.