ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) To Go Ex-Dividend on October 11th

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Wednesday, October 9th, NASDAQ reports. Investors of record on Friday, October 11th will be given a dividend of 0.4598 per share on Monday, October 21st. The ex-dividend date of this dividend is Friday, October 11th. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.14.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of NYSEARCA:MVRL traded down $0.03 during midday trading on Wednesday, hitting $17.59. The company had a trading volume of 9,143 shares, compared to its average volume of 9,761. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a twelve month low of $13.68 and a twelve month high of $20.55. The business’s 50-day simple moving average is $17.90 and its 200-day simple moving average is $17.44.

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.