ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Issue Dividend of $0.38 on October 21st

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL – Get Free Report) declared a dividend on Thursday, October 1st. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.3780 per share on Wednesday, October 21st. The ex-dividend date is Tuesday, October 13th. This is a 136.8% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.1596.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

Shares of MVRL stock opened at $9.43 on Friday. The business has a fifty day simple moving average of $12.01 and a 200-day simple moving average of $13.12. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a fifty-two week low of $9.27 and a fifty-two week high of $17.00.

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ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Company Profile

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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.

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