Tracks the Market Vectors® Global Mortgage REITs Index. Provides monthly compounded two times leveraged long exposure. Now — the numbers.
It pays out $2.65 per share each year — regular cash for whoever holds the stock.
The stock sits at $0.24. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.
The price action doesn’t yet back an upward turn.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.