Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Sees Large Growth in Short Interest

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 3,957 shares, a growth of 116.3% from the May 14th total of 1,829 shares. Based on an average daily volume of 6,563 shares, the days-to-cover ratio is currently 0.6 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Stock Performance

TRINI stock opened at $25.44 on Friday. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 1-year low of $24.90 and a 1-year high of $25.74. The business has a fifty day moving average price of $25.32 and a 200-day moving average price of $25.36.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.4922 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.97 annualized dividend and a yield of 7.7%.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.