ETRACS 2xMonthly Pay Leveraged Pref... (PFFL)


+0.05 (+0.54%)

New York Stock Exchange Arca

The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (“ETFs”) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.