ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) Announces Dividend Increase – $0.23 Per Share

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.228 per share on Friday, March 21st. The ex-dividend date of this dividend is Thursday, March 13th. This is a 5.8% 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

CEFD opened at $19.09 on Tuesday. The stock’s 50 day moving average price is $19.99 and its 200-day moving average price is $20.18. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 52-week low of $18.10 and a 52-week high of $21.20.

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.