ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) to Issue $0.12 Dividend

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.1222 per share on Friday, March 21st. The ex-dividend date of this dividend is Thursday, March 13th.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Trading Down 1.9 %

Shares of NYSEARCA:MVRL opened at $17.08 on Tuesday. The firm’s 50 day moving average price is $16.66 and its 200-day moving average price is $17.07. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a twelve month low of $14.84 and a twelve month high of $19.21.

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.