PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Short Interest Down 42.6% in May

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,537 shares, a drop of 42.6% from the May 14th total of 2,678 shares. Based on an average daily volume of 1,195 shares, the days-to-cover ratio is currently 1.3 days.

PhenixFIN Co. 5.25% Notes due 2028 Price Performance

PhenixFIN Co. 5.25% Notes due 2028 stock opened at $24.07 on Friday. PhenixFIN Co. 5.25% Notes due 2028 has a 1-year low of $23.10 and a 1-year high of $24.20. The business has a fifty day moving average price of $23.87 and a 200-day moving average price of $23.77.

PhenixFIN Co. 5.25% Notes due 2028 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.3354 dividend. This is a positive change from PhenixFIN Co. 5.25% Notes due 2028’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, July 15th. This represents a $1.34 dividend on an annualized basis and a yield of 5.6%.

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.