ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declares Dividend Increase – $0.10 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Friday, January 1st. Stockholders of record on Monday, April 13th will be paid a dividend of 0.0959 per share on Tuesday, April 21st. The ex-dividend date is Monday, April 13th. This is a 8.6% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.09.

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 $14.37 on Friday. The firm’s 50-day simple moving average is $14.30 and its 200-day simple moving average is $14.75. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1 year low of $11.78 and a 1 year 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.