Short Interest in Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Declines By 68.4%

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,938 shares, a decline of 68.4% from the June 30th total of 9,307 shares. Based on an average daily volume of 10,081 shares, the days-to-cover ratio is currently 0.3 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Stock Down 0.1%

Shares of NASDAQ:TRINI opened at $25.23 on Tuesday. The company has a 50-day moving average price of $25.28 and a 200-day moving average price of $25.30. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 12 month low of $24.90 and a 12 month high of $25.74.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.4922 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.97 dividend on an annualized basis and a yield of 7.8%.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.