Etracs Monthly Pay 2Xleverage (MORL)

[pete807]

Good question.
I admitted I knew way less than some about these. I got in at $14 and watched it rise to $19 AND pay those monthly dividends with every third month a 65-70+ cent one. The other two months were 3-6 cents but something every month. The broker said these were not for long term holding except in a long uptrend...
I held a year with that uptrend in place and when I saw it drop with interest rate hike fears for two days, I sold at $17.06. It was a great investment. around 40-45% combining appreciation and dividends.

Just watch it for trend reversal and follow sentiment on interest rates. I suspect they will be very slow/minor so the fears should subside. Stay nimble if you play it and be ready to flip. The nature of 2X is that its leveraged so it will move back fast. January is the next big monthly distribution but 10 cents this month was very good for a smaller one. Good Luck!

Here is great DD from one who writes about and knows these instruments.
https://seekingalpha.com/article/4058242-morl-dividend-yield-20-percent-compensates-many-risks