ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL)
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $6.90, down 0.39% on the session, giving a market capitalisation of $4.2M. Its beta of 1.02 implies it has historically moved more than the broad market.
The ETN is linked to an underlying index designed to mirror the price movements of an equally weighted portfolio that holds two distinct exchange-traded funds (ETFs). These ETFs, in turn, invest in preferred securities from various issuers. PFFL itself provides two times (2x) leveraged exposure to this index. This means the ETN will magnify any positive monthly compounded performance of the index by a factor of two, but it will also experience twice the impact of any negative monthly compounded performance.
ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN is most often compared with the following Financial Services names: