ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declares Dividend of $0.05

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Saturday, June 8th, NASDAQ reports. Investors of record on Wednesday, June 12th will be given a dividend of 0.0502 per share on Friday, June 21st. The ex-dividend date is Wednesday, June 12th.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

NYSEARCA MVRL opened at $16.63 on Tuesday. The business has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $17.66. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $13.68 and a 12 month high of $21.85.

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.