Short Interest in TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Declines By 58.6%

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,654 shares, a decrease of 58.6% from the May 31st total of 13,655 shares. Based on an average trading volume of 23,525 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of NASDAQ:TPGXL traded up $0.20 during mid-day trading on Wednesday, reaching $23.61. 13,498 shares of the company’s stock were exchanged, compared to its average volume of 24,697. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a twelve month low of $22.34 and a twelve month high of $26.25. The business’s fifty day moving average price is $23.87 and its 200-day moving average price is $24.51.

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

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.4344 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, June 1st.

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.