ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETNETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETNETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN

ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN

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Key stats


Assets under management (AUM)
‪6.06 M‬USD
Fund flows (1Y)
‪−2.10 M‬USD
Dividend yield (indicated)
14.40%
Discount/Premium to NAV
0.08%
Shares outstanding
‪750.00 K‬
Expense ratio
0.85%

About ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN


Brand
ETRACS
Inception date
Sep 25, 2018
Structure
Exchange-Traded Note
Index tracked
Solactive Preferred Stock ETF Index
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
ISIN
US90274E1745
PFFL is a leveraged take on the US preferred shares market. The underlying index consists of equally weighted positions in two ETFs: iShares PFF and Invescos PGX. Both are preferred stock funds that hold securities of various credit ratings. PFFL is a leveraged product that resets monthly. While this makes the note more suitable for longer-term positions than a daily-reset product, it is not intended as a buy-and-hold ETF. Returns will track 2x exposure to the underlying index only if shares are purchased at the beginning of a calendar month and sold by the end of the month. Note that PFFLs index is calculated based on the trading price of its underlying funds. This means that the effect of the funds fees, tracking err, and trading premium/discount is baked into the indexand PFFLs leverage factor doubles their impact.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PFFL trades at 8.19 USD today, its price has risen 0.55% in the past 24 hours. Track more dynamics on PFFL price chart.
PFFL net asset value is 8.15 today — it's fallen 5.02% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PFFL assets under management is ‪6.06 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PFFL price has fallen by −6.82% over the last month, and its yearly performance shows a −17.48% decrease. See more dynamics on PFFL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −5.02% over the last month, showed a −3.96% decrease in three-month performance and has decreased by −5.45% in a year.
PFFL fund flows account for ‪−2.10 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PFFL expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, PFFL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PFFL technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PFFL shows the sell signal. See more of PFFL technicals for a more comprehensive analysis.
Yes, PFFL pays dividends to its holders with the dividend yield of 14.40%.
PFFL trades at a premium (0.08%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PFFL shares are issued by UBS Group AG
PFFL follows the Solactive Preferred Stock ETF Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 25, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.