ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Short Interest Down 20.2% in April

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 2,507 shares, a decrease of 20.2% from the March 31st total of 3,140 shares. Based on an average trading volume of 2,254 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s stock are sold short.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Down 0.2%

NYSEARCA:PFFL traded down $0.02 during mid-day trading on Friday, reaching $8.12. The company’s stock had a trading volume of 1,135 shares, compared to its average volume of 2,688. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1 year low of $7.41 and a 1 year high of $9.22. The stock has a fifty day moving average of $8.08 and a 200-day moving average of $8.32.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 21st. Investors of record on Monday, April 13th were paid a $0.0407 dividend. The ex-dividend date of this dividend was Monday, April 13th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Company Profile

The ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL) is an exchange-traded fund that is based on the Solactive Preferred Stock ETF index. The fund tracks twice the monthly returns of a market-value-selected and -weighted index of preferred securities from various issuers. PFFL was launched on Sep 25, 2018 and is issued by ETRACS.