Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Sees Large Increase in Short Interest

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 9,435 shares, a growth of 37.0% from the December 31st total of 6,888 shares. Based on an average daily volume of 6,522 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 6,522 shares, the short-interest ratio is currently 1.4 days.

Popular Capital Trust II PFD GTD 6.125% Price Performance

BPOPM traded up $0.03 during trading on Friday, reaching $25.48. The company’s stock had a trading volume of 12,227 shares, compared to its average volume of 5,855. The company’s fifty day moving average price is $25.31 and its 200-day moving average price is $25.19. Popular Capital Trust II PFD GTD 6.125% has a 52-week low of $24.53 and a 52-week high of $25.98.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.1276 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 6.0%.

Popular Capital Trust II PFD GTD 6.125% Company Profile

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.