I'm being blocked by yahoo, nevertheless, MORL is the highest yielding ETF or ETN in the market and I can prove it if Yahoo would let m
150 shares? than your wasting your time here or could you be working this site with alf as his "alter ego"
I've seen shorts make multiple ID's backing their primary ID's with posts trying to make people believe that there are other posters supporting his view's
The administrators of the ETN have no say about it, whatever the 24 mREITS pay UBS will pay twice that, so the yield can go up to 60% if foolish investors allow the pps to drift lower without buying more or nervous n
nellies sell out due to axiety attacks or a combination of both
intraday value based on MORL portfolio of 24 mREITS has risen to $16.0134 as of 10:42 am today (Fidelity)
ps: 10 year notes yield has gone down to 2.23% (-1.945) due to the rush to safe investment(s)
It could very well reach 50%, MORL's yield is a function of seperate performance 24 mREITS that is magnified by 2x1 leverage.performance. MORL is currently the highest yielding FTN
From James Bjorkman "ETN Showdown Why Now is the time To Consider MORL" on Seeking Alpha 6-30-15
As I have written elsewhere, a Fed tightening cycle is not the end of the world for mREITs. Past data shows that REITs can perform well during a tightening cycle. The real danger is an inverted yield curve, but there is no sign of that at present.
The market consensus that there will be a rate hike in September 2015 also may be completely mistaken. There have been several consensus dates for such a hike that have passed, such as March 2015 and June 2015, not to mention previous years. The Fed itself says that such a hike is "data dependent." Market participants are very skittish, and the Fed itself sometimes adds to that (such as when Fed Chair Janet Yellen forecast that a hike likely would occur "about six months" after the stimulus program ended and the market overreacted).
The point is that mREIT share prices aren't necessarily fated to continue dropping forever. Seeing those huge 20+% discounts to book value, mREIT managers are likely to restart (or maybe get new authorization for) their share repurchases as soon as they can. That should provide some stability to the component share prices sometime this summer. This effect could start happening as soon as 20 July 2015, when CYS reports its earnings and other mREITs follow soon afterward.
Unfortunately too many people believe that increased interest rates are going to doom REITS and mREITS; frankly its a phobia that is overdone particularly by bashers and shorts.
The Fed most likely will increase short term (Fed Funds) rate by a miniscule 0.25% in September. Then periodically the Fed will increase FFs rates BUT OVER SEVERAL YEARS to peak at 2%!!!.
THE FED HAS VERY LITTLE CONTROL OVER LONG TERM RATES. The Alan Greespan Fed experienced this situation when it tried to increase rates
REITS AND mREITS are quite capable of earning decent profits over the up tick of short term rates
ETN Showdown: Why Now Is The Time To Consider MORL
Jun. 29, 2015 11:37 AM ET | 300 comments | About: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (MORL), Includes: AGNC, CYS, NLY
Disclosure: I am/we are long MORL, CYS. (More...)
MORL and the mREIT sector have sold off hard recently due to a variety of factors which include interest rate expectations and the current blackout period;
The mREIT sector should be able to survive this period of rising rates and continue to throw off ample income to shareholders;
Contrarian investors may wish to consider MORL during this period of weakness, which likely will end once the blackout period is over.
You're totally wrong.....go the the historical price schedule and it will show yesterdays closing price of $16.23 and also the "Adjusted Price" (for dividends and splits) and that number is $16.23
What's it all about Alfy???? Well alfy at its current level $15.96 MORL is now yielding 29.3% I love every bit of this illusion. I'll just keep on holding, buying and collecting dividends while you scorn MORL LoL!!!
Start looking at the excellent resilience this note has had...... since its inception (10-17-12) it has paid monthly dividend that total $12.69 or an average payment of $.39 monthly
the 10 Year is moderating again today (7-24-15) at the begining of the week it was trading at 2.37% and it is now down to a yield of 2.27%, based primarily on uncertainties in the world. This happened in the Alan Greenspan FED when they tried to increase rates on long term notes..... they had only mild success. You're going to see minimal changes in the 10 Year when the fed starts its raising campain
The Feds FOMC committee is meeting next week and most drought that the Fed will start its 0.25% rate increases since it doesn't have a Press conference scheduled , there's no FOMC meeting for August and it looks more likely that the Fed will announce its rate increase after its September FOMC meeting thats when I'm doubling down.
Sentiment: Strong Buy
when the Fed announces its first interest rate increase in a decade, that's when I'm going to double down on MORL.
At MORL's inception NLY was the largest holding (19%) but with contiinued re-balancing of the portfolio its only 13.16% of outstandings a good sign that NLY is being minimzed