Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Sees Large Increase in Short Interest

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 4,593 shares, a growth of 200.8% from the September 15th total of 1,527 shares. Based on an average trading volume of 1,861 shares, the days-to-cover ratio is currently 2.5 days.

Popular Capital Trust II PFD GTD 6.125% Stock Up 0.1%

Shares of BPOPM traded up $0.02 during mid-day trading on Tuesday, hitting $25.25. 447 shares of the company traded hands, compared to its average volume of 3,900. The stock has a 50-day moving average price of $25.20 and a two-hundred day moving average price of $25.24. Popular Capital Trust II PFD GTD 6.125% has a 1 year low of $24.75 and a 1 year high of $25.65.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.1276 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.53 annualized dividend and a yield of 6.1%.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II is a statutory business trust established to issue trust preferred securities, including the securities traded under the ticker BPOPM on the Nasdaq Stock Market. Unlike an operating company, the trust does not manufacture products, provide banking services, or conduct a broad commercial business of its own.

The trust’s securities represent preferred beneficial interests in the trust and are supported by subordinated debt issued by its sponsor, Popular, Inc The structure is designed to provide investors with distributions from payments made on the underlying debt obligations, subject to the terms of the governing agreements.

Popular, Inc is a financial services company headquartered in Puerto Rico and is associated with Banco Popular de Puerto Rico, which provides retail and commercial banking, lending, wealth management, and related financial services primarily in Puerto Rico and the United States.