Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Short Interest Up 87.0% in June

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 9,307 shares, an increase of 87.0% from the June 15th total of 4,977 shares. Based on an average daily trading volume, of 9,645 shares, the days-to-cover ratio is presently 1.0 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

Shares of NASDAQ:TRINI traded up $0.02 on Friday, reaching $25.28. 4,616 shares of the company traded hands, compared to its average volume of 12,186. Trinity Capital Inc. – 7.875% Notes Due 2029 has a fifty-two week low of $24.90 and a fifty-two week high of $25.74. The company’s 50 day moving average is $25.30 and its 200-day moving average is $25.31.

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

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 dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, June 15th.

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.