UBS Launches ETRACS Monthly Pay 2x Leveraged Preferred Stock ETN

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This article was originally published on ETFTrends.com.

UBS Investment Bank today announced that the ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN (NYSEArca: PFFL), will begin trading on NYSE Arca®. PFFL is linked to the monthly compounded 2x leveraged performance of the Solactive Preferred Stock ETF Index. The Solactive Preferred Stock ETF Index is intended to track the price movements of an equally [...]

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