PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Sees Large Decline in Short Interest

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 97 shares, a drop of 95.1% from the July 30th total of 1,966 shares. Based on an average daily trading volume, of 1,658 shares, the days-to-cover ratio is currently 0.1 days.

PhenixFIN Co. 5.25% Notes due 2028 Price Performance

NASDAQ PFXNZ traded up $0.03 during trading on Wednesday, hitting $24.00. 3,492 shares of the company’s stock traded hands, compared to its average volume of 5,250. The business has a 50 day moving average of $23.93 and a 200-day moving average of $23.89. PhenixFIN Co. 5.25% Notes due 2028 has a 12-month low of $23.35 and a 12-month high of $24.20.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

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

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.