TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Short Interest Update

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 5,563 shares, a drop of 48.6% from the January 15th total of 10,825 shares. Based on an average daily trading volume, of 12,217 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 12,217 shares, the days-to-cover ratio is currently 0.5 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Up 0.3%

Shares of NASDAQ:TPGXL opened at $25.17 on Thursday. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 52-week low of $23.53 and a 52-week high of $26.25. The firm has a fifty day moving average of $25.03 and a 200 day moving average of $25.52.

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 will be paid on Monday, March 16th. Shareholders of record on Sunday, March 1st will be paid a dividend of $0.4344 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.74 annualized dividend and a yield of 6.9%.

TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.

In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.