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

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,680 shares, an increase of 123.1% from the July 30th total of 1,201 shares. Based on an average trading volume of 1,839 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the company’s shares are sold short.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Price Performance

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN stock traded down $0.04 during trading hours on Friday, reaching $7.39. The company had a trading volume of 633 shares, compared to its average volume of 2,449. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a 12-month low of $7.25 and a 12-month high of $9.22. The company has a 50-day moving average price of $7.50 and a 200 day moving average price of $7.87.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 20th. Investors of record on Wednesday, August 12th were paid a $0.0779 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This is a positive change from ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 12.6%.

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.