Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Short Interest Update

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 5,581 shares, an increase of 265.5% from the February 12th total of 1,527 shares. Based on an average daily volume of 2,460 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 2,460 shares, the days-to-cover ratio is currently 2.3 days.

Popular Capital Trust II PFD GTD 6.125% Stock Up 0.1%

NASDAQ:BPOPM traded up $0.02 during trading hours on Thursday, reaching $25.47. 651 shares of the company’s stock were exchanged, compared to its average volume of 3,978. Popular Capital Trust II PFD GTD 6.125% has a 1-year low of $24.53 and a 1-year high of $25.98. The company has a 50-day moving average of $25.35 and a 200 day moving average of $25.23.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be paid a dividend of $0.1276 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Popular Capital Trust II PFD GTD 6.125% Company Profile

Popular Capital Trust II Pfd Gtd 6.125% (NASDAQ: BPOPM) is a Delaware statutory trust formed by Popular, Inc to issue cumulative preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by Popular, Inc, which serve as collateral for the preferred securities. Investors in BPOPM receive a fixed annual distribution rate of 6.125% through the initial fixed‐rate period.

These trust preferred securities are guaranteed on a subordinated basis by Popular, Inc, a financial holding company headquartered in San Juan, Puerto Rico.