ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Declares Dividend Increase – $0.16 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) announced a dividend on Wednesday, September 2nd. Stockholders of record on Monday, September 14th will be given a dividend of 0.1596 per share on Tuesday, September 22nd. The ex-dividend date of this dividend is Monday, September 14th. This is a 35.3% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.12.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Stock Up 0.9%

Shares of MVRL stock opened at $12.88 on Friday. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 52 week low of $12.50 and a 52 week high of $17.00. The firm’s 50-day simple moving average is $13.30 and its two-hundred day simple moving average is $13.71.

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.