ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) to Issue Dividend of $0.23

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (NYSEARCA:CEFD) announced a dividend on Tuesday, September 10th, NASDAQ reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.2297 per share on Monday, September 23rd. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN’s previous dividend of $0.21.

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

Shares of NYSEARCA CEFD traded up $0.02 during trading hours on Tuesday, reaching $20.02. 1,257 shares of the stock were exchanged, compared to its average volume of 2,317. The stock’s fifty day simple moving average is $19.76 and its 200 day simple moving average is $19.44. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN has a 52 week low of $15.48 and a 52 week high of $20.29.

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.