Short Interest in Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Rises By 306.7%

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 4,083 shares, a growth of 306.7% from the March 31st total of 1,004 shares. Based on an average daily trading volume, of 3,928 shares, the short-interest ratio is currently 1.0 days.

Popular Capital Trust II PFD GTD 6.125% Price Performance

NASDAQ:BPOPM opened at $25.21 on Friday. Popular Capital Trust II PFD GTD 6.125% has a 1-year low of $24.53 and a 1-year high of $25.98. The business’s fifty day moving average price is $25.28 and its 200 day moving average price is $25.27.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.1276 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.