PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Sees Large Decrease in Short Interest

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 97 shares, a drop of 95.1% from the July 30th total of 1,966 shares. Based on an average trading volume of 1,658 shares, the short-interest ratio is presently 0.1 days.

PhenixFIN Co. 5.25% Notes due 2028 Trading Down 0.0%

PhenixFIN Co. 5.25% Notes due 2028 stock traded down $0.01 during midday trading on Thursday, reaching $23.99. The company’s stock had a trading volume of 2,288 shares, compared to its average volume of 5,279. PhenixFIN Co. 5.25% Notes due 2028 has a 52-week low of $23.35 and a 52-week high of $24.20. The stock’s 50-day simple moving average is $23.93 and its 200-day simple moving average is $23.89.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.3245 per share. This represents a $1.30 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 15th.

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.