ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) to Issue Dividend of $0.29

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) declared a dividend on Wednesday, October 9th, NASDAQ reports. Investors of record on Friday, October 11th will be paid a dividend of 0.2885 per share on Monday, October 21st. The ex-dividend date is Friday, October 11th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.23.

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

Shares of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN stock traded up $0.09 during trading hours on Wednesday, hitting $20.71. The company’s stock had a trading volume of 4,104 shares, compared to its average volume of 2,255. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 12-month low of $15.48 and a 12-month high of $21.19. The business has a 50 day moving average price of $20.04 and a two-hundred day moving average price of $19.58.

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

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.