ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Increases Dividend to $0.51 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 0.508 per share on Friday, February 21st. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.09.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Performance

MVRL stock traded up $0.05 during trading on Friday, hitting $17.41. The company had a trading volume of 24,557 shares, compared to its average volume of 11,850. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $14.84 and a 12 month high of $19.21. The firm has a 50-day moving average price of $16.34 and a 200-day moving average price of $17.13.

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.