ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Short Interest Update

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,099 shares, an increase of 153.4% from the November 30th total of 1,223 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 3,038 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 3,038 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

PFFL remained flat at $8.27 during midday trading on Friday. 7,471 shares of the company’s stock were exchanged, compared to its average volume of 4,429. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1 year low of $7.63 and a 1 year high of $9.86. The company’s 50 day moving average is $8.41 and its 200-day moving average is $8.58.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 12th were given a dividend of $0.1368 per share. This is a boost from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.10. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 19.9%.

About ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN

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.