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:TPGXLGet Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,828 shares, a drop of 43.8% from the August 15th total of 5,031 shares. Based on an average daily trading volume, of 19,263 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of NASDAQ TPGXL traded down $0.07 during midday trading on Thursday, reaching $21.52. The company had a trading volume of 7,903 shares, compared to its average volume of 23,028. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a one year low of $20.96 and a one year high of $26.25. The firm’s fifty day moving average price is $22.55 and its 200-day moving average price is $23.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.4344 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.74 annualized dividend and a yield of 8.1%.

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.

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