Short Interest in PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Expands By 92.1%

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,696 shares, an increase of 92.1% from the June 15th total of 883 shares. Based on an average daily trading volume, of 490 shares, the days-to-cover ratio is currently 3.5 days.

PhenixFIN Co. 5.25% Notes due 2028 Stock Up 0.7%

Shares of NASDAQ PFXNZ traded up $0.17 during trading on Thursday, hitting $23.96. The company had a trading volume of 112 shares, compared to its average volume of 5,839. PhenixFIN Co. 5.25% Notes due 2028 has a 12 month low of $23.25 and a 12 month high of $24.20. The stock has a 50 day simple moving average of $23.91 and a 200 day simple moving average of $23.84.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.3245 dividend. This represents a $1.30 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 15th.

About PhenixFIN Co. 5.25% Notes due 2028

The PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are senior unsecured debt securities issued by PhenixFIN Co, an indirect wholly-owned subsidiary of PhenixFIN Corporation. These fixed-rate notes pay interest semi-annually at a rate of 5.25% and mature on September 6, 2028. They trade on the NASDAQ Capital Market under the ticker PFXNZ, offering investors exposure to the growth of a specialist finance company through a publicly listed bond.

PhenixFIN Corporation is a fintech-driven specialty finance platform that provides receivables financing solutions to small and medium-sized enterprises in the United States.