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

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 883 shares, a drop of 42.6% from the May 31st total of 1,537 shares. Based on an average daily trading volume, of 1,940 shares, the days-to-cover ratio is presently 0.5 days.

PhenixFIN Co. 5.25% Notes due 2028 Trading Down 1.3%

Shares of PhenixFIN Co. 5.25% Notes due 2028 stock traded down $0.32 during trading on Thursday, reaching $23.79. The company’s stock had a trading volume of 1,637 shares, compared to its average volume of 6,278. The business’s fifty day moving average price is $23.92 and its 200-day moving average price is $23.82. PhenixFIN Co. 5.25% Notes due 2028 has a one year low of $23.10 and a one year high of $24.20.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.3245 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.30 dividend on an annualized basis and a yield of 5.5%.

About PhenixFIN Co. 5.25% Notes due 2028

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.