ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) to Issue Monthly Dividend of $0.03 on July 22nd

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared 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 of this dividend is Tuesday, July 14th.

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

Shares of NYSEARCA PFFL traded up $0.06 during mid-day trading on Friday, reaching $7.56. The company had a trading volume of 9 shares, compared to its average volume of 2,582. The stock’s 50 day moving average is $7.84 and its 200-day moving average is $8.10. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.38 and a twelve month high of $9.22.

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.