ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) Short Interest Up 153.4% in December

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFLGet Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,099 shares, a growth of 153.4% from the November 30th total of 1,223 shares. Based on an average daily trading volume, of 3,038 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 3,038 shares, the days-to-cover ratio is presently 1.0 days.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

PFFL stock remained flat at $8.27 during mid-day 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 one year low of $7.63 and a one year high of $9.86. The stock has a 50 day simple moving average of $8.41 and a 200-day simple moving average of $8.57.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Increases Dividend

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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Company Profile

(Get Free Report)

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.

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