PFFL Stock Summary and Trading Ideas (Etracs Monthly Pay 2Xleveraged Preferred Stock ETN | ARCA:PFFL)

The ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSE: PFFL) is an exchange-traded note linked to the performance of the Solactive Preferred Stock ETF Index, less investor fees. The Solactive Preferred Stock ETF Index, is intended to track the price movements of an equally weighted portfolio containing two U.S. preferred stock ETFs. Each of the ETFs seeks to track the performance of separate indices, which measure the performance of a select group of preferred stock securities.

Etracs Monthly Pay 2Xleveraged Preferred Stock ETN trades on the ARCA stock market under the symbol PFFL.

As of April 19, 2024, PFFL stock price climbed to $9.24 with 1,316 million shares trading.

PFFL has a market cap of $9.24 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PFFL stock traded as high as $20.01 and as low as $7.86.

PFFL has underperformed the market in the last year with a price return of -0.9% while the SPY ETF gained +21.1%. PFFL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and -8.7%, respectively, while the SPY returned +4.2% and -3.5%, respectively.

PFFL support price is $8.92 and resistance is $9.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFFL stock will trade within this expected range on the day.