Short Interest in PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Declines By 42.6%

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,537 shares, a drop of 42.6% from the May 14th total of 2,678 shares. Based on an average trading volume of 1,195 shares, the days-to-cover ratio is currently 1.3 days.

PhenixFIN Co. 5.25% Notes due 2028 Stock Up 0.4%

NASDAQ PFXNZ traded up $0.09 during midday trading on Monday, hitting $23.94. 243 shares of the company traded hands, compared to its average volume of 6,694. The company’s 50-day simple moving average is $23.87 and its 200-day simple moving average is $23.78. PhenixFIN Co. 5.25% Notes due 2028 has a 52 week low of $23.10 and a 52 week high of $24.20.

PhenixFIN Co. 5.25% Notes due 2028 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a $0.3354 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 15th. This is a positive change from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.33.

PhenixFIN Co. 5.25% Notes due 2028 Company Profile

The PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are senior unsecured debt securities issued by PhenixFIN Co, an indirect wholly-owned subsidiary of PhenixFIN Corporation. These fixed-rate notes pay interest semi-annually at a rate of 5.25% and mature on September 6, 2028. They trade on the NASDAQ Capital Market under the ticker PFXNZ, offering investors exposure to the growth of a specialist finance company through a publicly listed bond.

PhenixFIN Corporation is a fintech-driven specialty finance platform that provides receivables financing solutions to small and medium-sized enterprises in the United States.