ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Raises Dividend to $0.27 Per Share

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) declared a dividend on Friday, January 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.2691 per share on Wednesday, July 22nd. The ex-dividend date of this dividend is Tuesday, July 14th. This is a 24.5% increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.22.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Price Performance

NYSEARCA:CEFD traded up $0.03 on Friday, reaching $19.38. 1,097 shares of the company’s stock were exchanged, compared to its average volume of 1,645. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 52 week low of $15.47 and a 52 week high of $20.50. The stock has a fifty day simple moving average of $19.05 and a 200-day simple moving average of $18.91.

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Company Profile

The ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund provides monthly 1.5x leveraged exposure to an index of three types of yield-focused CEFs: investment-grade fixed-income, high-yield fixed-income, and option-writing. CEFs that trade at discount receive higher weights. CEFD was launched on Jun 2, 2020 and is issued by ETRACS.