A ferrule is disclosed which includes a housing having an aperture at a first end which is adapted to receive a leg of an ambulatory aid. The ferrule includes a gliding component having a gliding surface at a second end of the housing. The gliding surface is adapted to slidably engage a floor surface. The ferrule also includes a traction component located at the second end of the housing. The traction component selectively engages the floor surface with a traction surface.