NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) Short Interest Update

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 (NASDAQ:NEWTI) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 686 shares, a drop of 60.0% from the July 15th total of 1,713 shares. Based on an average daily volume of 2,376 shares, the days-to-cover ratio is presently 0.3 days.

NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 Trading Up 0.4%

NASDAQ:NEWTI opened at $25.57 on Friday. The business’s 50-day simple moving average is $25.38 and its 200-day simple moving average is $25.32. NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has a fifty-two week low of $24.70 and a fifty-two 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 of this dividend was Friday, May 29th. This represents a $2.00 dividend on an annualized basis and a yield of 7.8%.

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

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.