TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Shares Shorted: Short Interest Up 1,903.8% in October

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 21,881 shares, an increase of 1,903.8% from the October 15th total of 1,092 shares. Based on an average trading volume of 32,975 shares, the days-to-cover ratio is currently 0.7 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Stock Performance

TPGXL traded down $0.33 during trading on Thursday, hitting $20.65. 3,600 shares of the company traded hands, compared to its average volume of 23,881. The stock’s 50-day simple moving average is $20.85 and its two-hundred day simple moving average is $23.18. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 1 year low of $19.86 and a 1 year high of $25.93.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.4344 per share. The ex-dividend date is Tuesday, December 1st. This is a negative change from TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064’s previous quarterly dividend of $0.4344. This represents a $1.74 dividend on an annualized basis and a dividend yield of 8.4%.

TPG Operating Group II, L.P. is an entity within TPG’s corporate structure and the issuer of TPG’s 6.950% fixed-rate junior subordinated notes due 2064. It is associated with TPG’s alternative asset management business rather than a consumer-facing operating company. TPG manages investment funds across strategies that include private equity, growth equity, impact investing, real estate, and credit. Its investments span a range of industries and markets, serving institutional and other investors through its funds.

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