ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL) to Issue Monthly Dividend of $0.07 on September 22nd

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) announced a monthly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given a dividend of 0.0747 per share on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Monday, September 14th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Trading Up 1.4%

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock opened at $7.18 on Friday. The stock has a fifty day moving average price of $7.42 and a 200 day moving average price of $7.78. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 52 week low of $7.07 and a 52 week high of $9.20.

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.