ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Announces Monthly Dividend of $0.03 (NYSEARCA:PFFL)

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Friday, January 1st. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.0346 per share on Wednesday, July 22nd. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, July 14th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock traded up $0.06 during midday trading on Friday, reaching $7.56. The stock had a trading volume of 9 shares, compared to its average volume of 2,582. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 12 month low of $7.38 and a 12 month high of $9.22. The company has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $8.10.

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.