Short Interest in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Increases By 127.0%

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,844 shares, an increase of 127.0% from the August 15th total of 1,253 shares. Based on an average daily volume of 1,628 shares, the short-interest ratio is presently 1.7 days.

BFC Capital Trust II PFD TR 7.20% Stock Performance

NASDAQ BANFP opened at $26.31 on Monday. BFC Capital Trust II PFD TR 7.20% has a twelve month low of $25.50 and a twelve month high of $29.75. The stock has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $26.58.

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. acquired a new position in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,586 shares of the company’s stock, valued at approximately $41,000.

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.