Short Interest in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Expands By 104.8%

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,193 shares, a growth of 104.8% from the May 14th total of 1,071 shares. Based on an average daily trading volume, of 396 shares, the short-interest ratio is presently 5.5 days.

Hedge Funds Weigh In On BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II PFD TR 7.20% Trading Up 1.4%

Shares of BFC Capital Trust II PFD TR 7.20% stock traded up $0.37 during trading on Monday, hitting $27.00. 1,726 shares of the company’s stock traded hands, compared to its average volume of 728. BFC Capital Trust II PFD TR 7.20% has a 1 year low of $25.50 and a 1 year high of $26.63. The business has a 50-day simple moving average of $26.37 and a 200-day simple moving average of $26.25.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, June 30th.

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.