ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD – Get Free Report) announced a monthly dividend on Saturday, October 31st. Investors of record on Thursday, November 12th will be paid a dividend of $0.2135 per share on Friday, November 20th. This represents a $2.56 dividend on an annualized basis and a yield of 14.8%. The ex-dividend date is Thursday, November 12th.
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Trading Up 1.6%
Shares of NYSEARCA:CEFD opened at $17.34 on Tuesday. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 1 year low of $15.47 and a 1 year high of $20.50. The firm has a fifty day moving average price of $17.80 and a 200 day moving average price of $18.60.
About ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.
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