Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) Short Interest Update

Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 12,289 shares, an increase of 693.4% from the June 15th total of 1,549 shares. Based on an average daily trading volume, of 7,429 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Trinity Capital Inc. 7.875% Notes due 2029 stock. Karpus Management Inc. purchased a new stake in Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,225 shares of the company’s stock, valued at approximately $31,000.

Trinity Capital Inc. 7.875% Notes due 2029 Trading Down 0.0%

Shares of NASDAQ TRINZ traded down $0.01 during mid-day trading on Friday, reaching $25.19. The company had a trading volume of 5,129 shares, compared to its average volume of 7,951. The firm has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $25.29. Trinity Capital Inc. 7.875% Notes due 2029 has a 52-week low of $24.91 and a 52-week high of $25.66.

Trinity Capital Inc. 7.875% Notes due 2029 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.4922 per share. The ex-dividend date was Monday, June 15th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%.

Trinity Capital Inc 7.875% Notes due 2029 (NASDAQ: TRINZ) are senior unsecured notes issued by Trinity Capital Inc, a publicly traded business development company. The notes bear a fixed annual interest rate of 7.875% payable quarterly and mature in 2029, offering investors a steady income stream backed by the company’s diversified financing portfolio.

Trinity Capital Inc operates under the Investment Company Act of 1940 and specializes in providing customized debt solutions to growth-stage, venture-backed companies across North America.