TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Shares Shorted: Short Interest Up 1,903.8% in October

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 21,881 shares, an increase of 1,903.8% from the October 15th total of 1,092 shares. Based on an average daily trading volume, of 32,975 shares, the days-to-cover ratio is currently 0.7 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Stock Down 1.1%

Shares of TPGXL stock traded down $0.23 during trading hours on Tuesday, reaching $21.01. 40,430 shares of the stock were exchanged, compared to its average volume of 24,020. The business’s fifty day moving average is $20.86 and its two-hundred day moving average is $23.20. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 12-month low of $19.86 and a 12-month high of $25.99.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.4344 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.74 dividend on an annualized basis and a yield of 8.3%.

TPG Operating Group II, L.P. is an entity within TPG’s corporate structure and the issuer of TPG’s 6.950% fixed-rate junior subordinated notes due 2064. It is associated with TPG’s alternative asset management business rather than a consumer-facing operating company. TPG manages investment funds across strategies that include private equity, growth equity, impact investing, real estate, and credit. Its investments span a range of industries and markets, serving institutional and other investors through its funds.