ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) announced a — dividend on Monday, September 9th, Wall Street Journal reports. Investors of record on Friday, September 13th will be paid a dividend of 0.2257 per share by the exchange traded fund on Monday, September 23rd. This represents a yield of 16.9%. The ex-dividend date of this dividend is Thursday, September 12th.
Shares of CEFL traded up $0.05 during midday trading on Tuesday, reaching $14.24. 750 shares of the company were exchanged, compared to its average volume of 102,632. The stock has a 50-day moving average price of $14.10 and a 200-day moving average price of $14.24. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN has a 1-year low of $10.86 and a 1-year high of $15.90.
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