Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) Sees Large Growth in Short Interest

Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 12,289 shares, a growth of 693.4% from the June 15th total of 1,549 shares. Based on an average trading volume of 7,429 shares, the short-interest ratio is currently 1.7 days.

Trinity Capital Inc. 7.875% Notes due 2029 Trading Up 0.0%

Shares of Trinity Capital Inc. 7.875% Notes due 2029 stock opened at $25.20 on Monday. Trinity Capital Inc. 7.875% Notes due 2029 has a twelve month low of $24.91 and a twelve month high of $25.66. The business’s 50 day simple moving average is $25.33 and its 200-day simple moving average is $25.29.

Trinity Capital Inc. 7.875% Notes due 2029 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.4922 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On Trinity Capital Inc. 7.875% Notes due 2029

An institutional investor recently bought a new position in Trinity Capital Inc. 7.875% Notes due 2029 stock. Karpus Management Inc. acquired a new position in Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,225 shares of the company’s stock, valued at approximately $31,000.

Trinity Capital Inc 7.875% Notes due 2029 (NASDAQ: TRINZ) are senior unsecured notes issued by Trinity Capital Inc, a publicly traded business development company. The notes bear a fixed annual interest rate of 7.875% payable quarterly and mature in 2029, offering investors a steady income stream backed by the company’s diversified financing portfolio.

Trinity Capital Inc operates under the Investment Company Act of 1940 and specializes in providing customized debt solutions to growth-stage, venture-backed companies across North America.