ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Stock Price Up 0.1% – Should You Buy?

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) shares traded up 0.1% during mid-day trading on Monday . The stock traded as high as $8.48 and last traded at $8.48. 62 shares traded hands during trading, a decline of 98% from the average session volume of 2,589 shares. The stock had previously closed at $8.47.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

The company has a fifty day moving average price of $8.38 and a 200-day moving average price of $8.59.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Tuesday, January 13th were paid a dividend of $0.0571 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, January 13th.

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.