TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Short Interest Down 58.0% in March

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 9,400 shares, a drop of 58.0% from the February 26th total of 22,394 shares. Based on an average daily trading volume, of 27,698 shares, the short-interest ratio is currently 0.3 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Down 0.5%

TPGXL stock opened at $24.42 on Friday. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 1 year low of $23.53 and a 1 year high of $26.25. The stock’s fifty day moving average is $24.79 and its two-hundred day moving average is $25.27.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Sunday, March 1st were issued a $0.4344 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, February 27th.

TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.

In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.