BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Update

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 837 shares, a growth of 18.2% from the February 26th total of 708 shares. Based on an average daily volume of 498 shares, the days-to-cover ratio is currently 1.7 days.

BFC Capital Trust II PFD TR 7.20% Trading Down 1.6%

BFC Capital Trust II PFD TR 7.20% stock opened at $25.90 on Tuesday. The stock has a 50-day moving average of $26.20 and a two-hundred day moving average of $26.19. BFC Capital Trust II PFD TR 7.20% has a one year low of $25.50 and a one year high of $26.75.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.