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 recipient of a significant increase in short interest in 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 daily volume of 396 shares, the short-interest ratio is presently 5.5 days.

Institutional Inflows and Outflows

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 position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II PFD TR 7.20% Price Performance

BFC Capital Trust II PFD TR 7.20% stock traded up $0.85 during mid-day trading 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 moving average of $26.37 and a two-hundred day 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.45 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.80 annualized dividend and a yield of 6.6%.

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.