Short Interest in Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Declines By 54.7%

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,476 shares, a drop of 54.7% from the May 14th total of 5,467 shares. Based on an average daily volume of 2,326 shares, the short-interest ratio is currently 1.1 days.

Popular Capital Trust II PFD GTD 6.125% Trading Down 0.6%

NASDAQ:BPOPM traded down $0.15 on Friday, hitting $25.36. The stock had a trading volume of 5,201 shares, compared to its average volume of 4,153. The business’s 50-day simple moving average is $25.31 and its two-hundred day simple moving average is $25.29. Popular Capital Trust II PFD GTD 6.125% has a 52-week low of $24.54 and a 52-week high of $25.65.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.1276 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II Pfd Gtd 6.125% (NASDAQ: BPOPM) is a Delaware statutory trust formed by Popular, Inc to issue cumulative preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by Popular, Inc, which serve as collateral for the preferred securities. Investors in BPOPM receive a fixed annual distribution rate of 6.125% through the initial fixed‐rate period.

These trust preferred securities are guaranteed on a subordinated basis by Popular, Inc, a financial holding company headquartered in San Juan, Puerto Rico.