MidCap Financial Investment Co. (NASDAQ:MFICL) Short Interest Down 79.2% in June

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 270 shares, a decline of 79.2% from the June 15th total of 1,301 shares. Based on an average daily volume of 2,982 shares, the short-interest ratio is presently 0.1 days.

MidCap Financial Investment Trading Up 0.3%

NASDAQ MFICL traded up $0.08 on Monday, reaching $25.43. The company had a trading volume of 2,040 shares, compared to its average volume of 6,090. MidCap Financial Investment has a 52 week low of $25.00 and a 52 week high of $25.69. The stock’s 50 day moving average is $25.39 and its 200-day moving average is $25.32.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%.

MidCap Financial Investment Company Profile

MidCap Financial Investment (NASDAQ: MFICL) is an externally managed business development company that provides customized financing solutions to privately held, lower middle-market companies in the United States. The company has elected to be treated as a business development company under the Investment Company Act of 1940 and is advised by MidCap Financial LLC, a specialized private credit investment firm.

The firm’s investment strategy centers on debt and equity financings, including senior secured loans, unitranche structures, mezzanine debt and equity co-investments.