NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Short Interest Down 41.3% in June

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 2,348 shares, a drop of 41.3% from the June 15th total of 3,999 shares. Based on an average daily trading volume, of 957 shares, the days-to-cover ratio is currently 2.5 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Price Performance

Shares of NEWTI stock traded down $0.06 during mid-day trading on Friday, hitting $25.40. The company had a trading volume of 3,733 shares, compared to its average volume of 2,693. The stock’s 50 day moving average price is $25.34 and its 200-day moving average price is $25.29. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a 52-week low of $24.70 and a 52-week high of $25.70.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were paid a $0.50 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.00 annualized dividend and a yield of 7.9%.

About NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028

The NewtekOne, Inc 8.00% Fixed Rate Senior Notes due 2028 are senior unsecured debt obligations issued by NewtekOne, Inc (NASDAQ:NEWTI). The notes bear a fixed annual interest rate of 8.00%, payable semi-annually, and mature in 2028. As senior unsecured obligations, they rank pari passu with all other existing and future senior unsecured indebtedness of NewtekOne, Inc and rank ahead of any subordinated debt in the company’s capital structure.

NewtekOne, Inc is the holding company for Newtek, a publicly traded business development company that provides a diversified suite of financial and business services to small and medium-sized enterprises across the United States.