ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Announces Dividend of $0.05 (NYSEARCA:PFFL)

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEARCA:PFFL) declared a dividend on Thursday, May 9th, NASDAQ reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.0481 per share on Tuesday, May 21st. The ex-dividend date is Friday, May 10th.

ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN Stock Performance

Shares of NYSEARCA PFFL traded down $0.19 during mid-day trading on Thursday, hitting $9.61. 5,596 shares of the stock were exchanged, compared to its average volume of 4,478. ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN has a twelve month low of $7.86 and a twelve month high of $10.99. The stock’s fifty day simple moving average is $9.99 and its two-hundred day simple moving average is $9.76.

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.