ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Increases Dividend to $0.15 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) declared a dividend on Saturday, December 7th,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.1539 per share on Monday, December 23rd. The ex-dividend date is Friday, December 13th. This is an increase 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 Stock Performance

Shares of NYSEARCA MVRL traded up $0.26 during midday trading on Friday, reaching $16.95. 3,348 shares of the stock were exchanged, compared to its average volume of 9,457. The stock has a 50 day moving average price of $17.10 and a 200-day moving average price of $17.41. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52-week low of $15.42 and a 52-week high of $20.55.

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.