ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Increases Dividend to $0.38 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.3780 per share on Wednesday, October 21st. The ex-dividend date of this dividend 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

NYSEARCA:MVRL opened at $9.43 on Friday. The stock’s 50 day moving average price is $12.01 and its 200 day moving average price is $13.12. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52-week low of $9.27 and a 52-week 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.