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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 6,865 shares, an increase of 138.9% from the January 29th total of 2,873 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 4,642 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 4,642 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.7% of the company’s shares are short sold.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Down 0.9%

Shares of NYSEARCA PFFL opened at $8.39 on Friday. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 1 year low of $7.63 and a 1 year high of $9.34. The firm’s 50-day moving average is $8.43 and its 200-day moving average is $8.58.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 23rd. Shareholders of record on Thursday, February 12th were issued a dividend of $0.0461 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, February 12th.

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.