ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declares $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 paid 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 %

MVRL stock traded down $0.33 during mid-day trading on Monday, reaching $17.08. 6,993 shares of the stock traded hands, compared to its average volume of 11,675. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a one year low of $14.84 and a one year high of $19.21. The business has a 50-day moving average price of $16.63 and a two-hundred day moving average price of $17.08.

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.