ETRACS Monthly Pay 2xLeveraged Mortgage REIT (MORL)

It is fraud they stealing money

My TD Ameritrade account shows I received .201 for each share of MORL. How is this possible that a 16.00 share price fell to .201. This has got to be fraud.

This is illegal they are liquidating because of a virus? They should a been put on pause. This is not because the mortgage markets is weak. It's a crisis. They going to shut down with half my equity. The feds have to do something about this.... SEC and everybody getting sued.

All these leveraged ETNs screw the investor. Eventually they close down. UWTI done and gone last time oil tanked and UWT is about to liquidate. MRRL is another mortgage 2X leveraged ETN also liquidating.

According to the news for, they are supposed to be liquidating on 3-25-2020 (next week). Does anyone have confirmation of this? If it's true, why are people buying into this?

Thanks. I just sold it and made a tiny profit

I didn’t pursue the story to deep but appears so.

So they are delisting this stock?

Google morl redemption. See ubs announces mandatory morl redemption link.

I can't find any news on it.

Yeah, the precipitous drop caught my eye but it appears it’s being liquidated on march 25th. Blood bath. Looking elsewhere...

Uhmm... right now it's like the bottom has fallen out. I really don't know what the heck is going on other than the virus crap. MORL

Anyone have any thoughts pro or con on this symbol?

Sold my sister stock MRRL today. Hope to back in with some dry powder next month maybe pick MORL this time, we"ll see. Anualized gain for this period 60 day hold close to 50% so these two leveraged mREITs are high on my radar.

At the moment it looks good as I just hit the 1K reward point from the investment earlier this month 3 days before ex date... $640 of it collected the 23rd on 1k shares. 36 cents per unit riding above cost today.

Loving it. I may add a bit if it pulls back and I cannot find anything else. You have my email if any other stocks hit your radar.

Most of the distribution is back in the price and payday is still a week away.
Last time I was in it I added at the beginning of the next big pay month... so April 1st I will set the alarm for 500 more....

That's fools day so don't take my advice, lol.
-pete

Agreed. Hope it continues.

Up 20 cents on ex day is a good sign... .64 in the bank as of this morning, and clearly some traders are playing the recovery instead of the dividend, fine by me, if the trend continues.

The yield is attractive, now that the trend is going back to calm on Fed rates... Powell will be on the news again soon with every word dissected..
I got in again with 1K of the Twin UBS 2x leveraged MRRL at $13,60. The two run almost lock step and do pay exactly the same. Got a few more shares for the same money...
We shall see how fast the new money comes in and the mandatory .64 drop tomorrow comes back to the PPS.

Good, I have 500 shares

I am watching this one again as it pays well this month. I understand the FED may have to back off even further on their plan to raise rates because "the economy is doing too good!"

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

Pete,

What are you thinking about these UBS high yield payers like MORL, MRRL, and BDCL.

18 - 20% is very tempting.

I have not read up so I am not real sure what the future holds for interest rate hikes.

Ryan

I sold out at 17.06 on October 26th and will watch the trend for a bottom. I rode the wave from $14 and got a 20% yield to boot. In two days it went from $18 plus to where I sold and has dropped more since.

This ETF is a good investment when trend is north, and good lesson in timing when you sense a reversal... Because it is 2x leveraged it requires closer attention.

GLTA!

MORL is rebounding well from the mandatory deduction in price by the amount of dividend on ex date yesterday. As the trend continues upward due to little or no change in the feds interest rate, I am guessing it will continue while inflation is low and economic growth is high.
In a little over a year the dividend plus appreciation have returned over half the money invested.
GLTA!

.718 wil be paid Oct 23, to us shareholders. Ex date is Oct 12. Yield is 18.27%!
https://finance.yahoo.com/news/ubs-declares-coupon-payments-19-140000472.html

Todays drop of .38 at the moment seem a bit mis-timed by the selling entity as the announcement was just made today. Add the .718, and shares you buy today are $1.098 cheaper than yesterdays close.... Hmmm quite a bargain!

If you like yield this one will fit for a short term win. If interest rates go up it would be a quick turn around and sell after collecting the dividend, this month, the third and big month for the high yield basis. Do your own DD. Look at the history here.

If you believe interest rates are NOT going to skyrocket... MORL is a good parking space.

October is the third month in the three month cycle of small, small, BIG dividends.
As an energy midstream investor I like this diversification into the MREIT sector because it pays big a month ahead of the energy MLPs. It has been trending up for the year I have held it. Here is an SA article with detail of the 5 year period the author has held:
GLTA!
https://seekingalpha.com/article/4109506-20-percent-annualized-return-last-5-years-fed-policy-will-determine-continues?auth_param=i4ud:1csl00k:851103c7d81df24957197d0ef5e03b86&uprof=46#alt1

Where I live (midwest) the RE market is pretty healthy. The decent middle income, affordable homes seem to be in relatively short supply. MORL will continue to yield very attractively, imo, without a housing crash.

This months distribution is .7097.
Not recommended as a hold by brokers or traders who are in and out of stocks due to the leverage which means volatility...
Exception..., while the general trend is up with the market this one will remain a great place to be. Yield is over 18% and appreciation since I first began the position is 26%. I watch it for any signs of decay but 44% is a decent gain. It should rise into ex date in two days... 7/12, record date 7/14, pay date 7/24
https://finance.yahoo.com/news/ubs-declares-coupon-payments-19-140000331.html
GLTA!

The trend back toward the yearly high of $19 is underway with monthly .033 June payment coming on the 20th. The 3 month cycle will peak again in July with approximately .70 and should attract traders that don't hold this ETN to capture the larger dividend paid every third month.
While these products are not recommended for holding as the risk and volatility are amplified... in spite of that statement by the brokerage, I have held this one because of the overall general uptrend in the market.
Simply stated, there is a compounding effect associated with the daily resets which makes the performance unpredictable for holding overnight. However, sometimes this daily reset means that the funds will do better than their multiple would suggest if markets trend steadily in one direction without reversals, but this is the exception.
At some point it will be time to sell and reset.. the trick will be to see it coming. A year ago I began the position @ 14.03. Added @ 14.94 & 15.34 so along with the yield of over 18% the 22%+ appreciation makes it a good hold choice for the past year imo.
GLTA!
-pete

.0925 is this month's dividend. Today it went ex and pay date is May 22. GLTA!

Great trend here.
Buying on any dips...
GLTA!

The trend here had been up since January of 2016.

I discovered it from a Seeking Alpha article back in May and built a position starting then, adding in July and November. The appreciation has been as good as the yield!

In March of 2013 it reached $31+ and by Mid August had fallen back to the low 16s before rising above 22 in summer 2014. January and April dividends in 2013 were both $1.32. :o)
GLTA!

Trading ex dividend this morning... Low point $17.22. Don't be alarmed by the pullback. It will come back when the scalpers are done. The next two months with be small but steady money returning our investment!
July will draw the scalpers back. I don't believe that strategy works as the price drops more than the dividend so those that sell leading up to the ex date do better. Do they collect only the small one or two months? They should begin buying at the low on ex-date.
Edit: current price 30 minutes into trading session is now $17.34, and now less drop than the dividend.
GLTA!

Yeah these are quite complicated instruments with some additional risk involved, but on the other hand with these distributions, the initial investment is returned in 5 years. As long as they don't end up as MLPL, which clearly shows that there is no fully safe bet.

I have diversified risk with BDCL and CEFL as well in equal portions. All of them around 20% distribution per year (from my initial cost base).
Was looking to add SMHD and/or DVHL as well at later stage, but PPS has been bumped up quite a bit lately (BDCL also, but got that one already much earlier on lower prices).
Looking for AMZA currently as an alternative, also impressive and so far steady return ratio.

Even if it should happen that distributions will cut in half, the return is still way favorable than bank interest.

Thanks! I am far less educated on these instruments than the author and he was closer to the actual payout albeit slightly higher in his estimate. I shoot low so I can be positively surprised. I thought the .60s was a reasonable target and when it was nearly .70, thereby paying me over 1k, I was pleased to hit my target of owning enough to make that mark, especially since it is a month ahead of the energy MLP payouts. I use the sheltered returns to supplemental income.

In the near future I will sell some of the long held real estate that makes up my other diversification. Then dividends could in part be reinvested for the powerful compound effect. Savings in regular banks does not provide any return to us that lived under our means and saved... just like lower mortgage rates don't help us who paid ours off religiously over the course of our careers at much higher rates. Some cash is in a credit union that pays 2+ %. Paltry but better than the .1% paid elsewhere in banks.

The discussion of the health care morass was also enlightening, as we don't get real information from the media, which has become so politicized. The real problem in Washington is influence peddling, vote selling, ear marks, separate health care for politicians and their allowed insider trading. It has become a one party system. Going there should like jury duty... when your turn/duty is over (no more than 2 terms) you go home to the real world!
JMHO

This guy writes some really interesting articles with calculated predictions about distributions and performance for MORL and BDCL.

Really worth reading/following and to see how close he is in his estimations. What I read so far he is usually off only a few cents at max.

https://seekingalpha.com/article/4058242-morl-dividend-yield-20-percent-compensates-many-risks

Awesome thanks!

PR out. .693 payable on 4/21 to holders as of 4/10
Cha Ching!
Better than expected distribution this month plus great share price appreciation!
GLTA!

A recent record of distributions that supports my guess of approximate .60 dividend this month. I didn't add March but it was the same as February... .032.

Correction: Ex was April 8th, 2016, not 9th as previous post states.
GLTA!

Spike month! somewhere in the 60 cent range... News out soon. Ex date was April 9th last year.

Call them. My wife has a Fidelity account but as a retired teacher she does not do any of her own investing. Fidelity manages her account.
I use Schwab, Wells Fargo, and ETrade with accounts but most trading is with Schwab. Wells has a brick and mortar bank here and I left a few hundred in an ETrade account. I can trade any of them, but shop around as they are competing for your business.
MORL is just an ETF so set up a new account with another service if you need. April's dividend will be the next larger one. Good Luck!

Why will my fidelity account not let me buy anymore of this. I own 82 shares and would like to purchase $10k more worth of this.

Is this stock a trust? If so, when will it run out?

Holding since 9.33!! Cha Ching! Divy fresh to def

Cycle stage 2 of the repeating low, low, high payout to investors. January will be the next big one. Added 500@ 15.34 last month and now sitting on 1500 with CB of 14.89.
I hope this remains the great parking place for dividend seekers like me when the fed starts to unwind free money! GLTA!

chart equals a dick in the dirt! what's the fuss ova here?