BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Up 104.8% in May

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,193 shares, an increase of 104.8% from the May 14th total of 1,071 shares. Based on an average trading volume of 396 shares, the days-to-cover ratio is currently 5.5 days.

BFC Capital Trust II PFD TR 7.20% Price Performance

NASDAQ:BANFP traded up $0.85 on Friday, reaching $27.10. 1,726 shares of the company’s stock traded hands, compared to its average volume of 728. The stock has a 50-day simple moving average of $26.37 and a 200-day simple moving average of $26.25. BFC Capital Trust II PFD TR 7.20% has a 12 month low of $25.50 and a 12 month high of $26.63.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%.

Institutional Investors 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. purchased a new stake in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,586 shares of the company’s stock, valued at approximately $42,000.

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.