PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Sees Significant Drop in Short Interest

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,537 shares, a drop of 42.6% from the May 14th total of 2,678 shares. Based on an average daily volume of 1,195 shares, the short-interest ratio is currently 1.3 days.

PhenixFIN Co. 5.25% Notes due 2028 Trading Up 0.4%

PhenixFIN Co. 5.25% Notes due 2028 stock traded up $0.10 during midday trading on Tuesday, hitting $23.95. 243 shares of the company’s stock were exchanged, compared to its average volume of 6,694. PhenixFIN Co. 5.25% Notes due 2028 has a 12-month low of $23.10 and a 12-month high of $24.20. The firm’s 50 day simple moving average is $23.87 and its 200 day simple moving average is $23.78.

PhenixFIN Co. 5.25% Notes due 2028 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.3354 per share. This represents a $1.34 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, July 15th. This is an increase from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.33.

About PhenixFIN Co. 5.25% Notes due 2028

The PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are senior unsecured debt securities issued by PhenixFIN Co, an indirect wholly-owned subsidiary of PhenixFIN Corporation. These fixed-rate notes pay interest semi-annually at a rate of 5.25% and mature on September 6, 2028. They trade on the NASDAQ Capital Market under the ticker PFXNZ, offering investors exposure to the growth of a specialist finance company through a publicly listed bond.

PhenixFIN Corporation is a fintech-driven specialty finance platform that provides receivables financing solutions to small and medium-sized enterprises in the United States.