TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Short Interest Down 73.7% in August

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 5,031 shares, a decline of 73.7% from the July 30th total of 19,155 shares. Based on an average daily volume of 15,060 shares, the days-to-cover ratio is presently 0.3 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Down 0.7%

Shares of NASDAQ:TPGXL traded down $0.16 on Friday, reaching $22.50. The company had a trading volume of 16,118 shares, compared to its average volume of 22,722. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 52-week low of $22.34 and a 52-week high of $26.25. The firm’s 50 day simple moving average is $23.02 and its 200-day simple moving average is $23.90.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.4344 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, September 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.