BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Down 53.5% in April

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFPGet Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 689 shares, a drop of 53.5% from the April 15th total of 1,483 shares. Based on an average trading volume of 265 shares, the days-to-cover ratio is presently 2.6 days.

BFC Capital Trust II PFD TR 7.20% Stock Performance

BFC Capital Trust II PFD TR 7.20% stock traded down $0.09 during mid-day trading on Friday, reaching $26.13. 103 shares of the company’s stock were exchanged, compared to its average volume of 710. BFC Capital Trust II PFD TR 7.20% has a one year low of $25.50 and a one year high of $26.50. The business’s fifty day simple moving average is $26.27 and its 200 day simple moving average is $26.23.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Tuesday, March 31st.

Institutional Investors Weigh In On BFC Capital Trust II PFD TR 7.20%

An institutional investor recently bought a new position in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFPFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.

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