BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Update

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 789 shares, a drop of 20.5% from the December 31st total of 992 shares. Based on an average daily volume of 631 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 631 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On BFC Capital Trust II PFD TR 7.20%

An institutional investor recently bought a new position in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II PFD TR 7.20% Stock Up 0.2%

NASDAQ:BANFP traded up $0.05 during mid-day trading on Friday, hitting $26.20. 376 shares of the company’s stock were exchanged, compared to its average volume of 820. BFC Capital Trust II PFD TR 7.20% has a fifty-two week low of $25.50 and a fifty-two week high of $29.45. The company has a 50 day simple moving average of $26.20 and a 200-day simple moving average of $26.15.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Wednesday, December 31st.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.