ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) To Go Ex-Dividend on March 13th

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a monthly dividend on Friday, January 1st. Investors of record on Friday, March 13th will be paid a dividend of 0.0958 per share on Monday, March 23rd. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date is Friday, March 13th. This is a 107.8% increase from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.05.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Trading Down 0.8%

PFFL traded down $0.06 during midday trading on Wednesday, hitting $8.22. The company had a trading volume of 1,846 shares, compared to its average volume of 2,854. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.63 and a twelve month high of $9.22. The firm’s 50-day simple moving average is $8.44 and its 200-day simple moving average is $8.56.

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.