ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Raises Dividend to $0.39 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Friday, January 1st. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.3883 per share on Wednesday, July 22nd. The ex-dividend date of this dividend is Tuesday, July 14th. This is a 274.4% 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 Trading Up 1.0%

Shares of MVRL traded up $0.14 during trading hours on Friday, hitting $13.88. The stock had a trading volume of 810 shares, compared to its average volume of 5,295. The company’s fifty day simple moving average is $13.61 and its 200 day simple moving average is $14.39. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12-month low of $12.66 and a 12-month 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.