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

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 883 shares, a decrease of 42.6% from the May 31st total of 1,537 shares. Based on an average daily volume of 1,940 shares, the days-to-cover ratio is currently 0.5 days.

PhenixFIN Co. 5.25% Notes due 2028 Stock Performance

PFXNZ traded up $0.02 during trading on Wednesday, hitting $24.02. The stock had a trading volume of 1,637 shares, compared to its average volume of 6,278. The company has a 50 day moving average price of $23.92 and a 200-day moving average price of $23.82. PhenixFIN Co. 5.25% Notes due 2028 has a one year low of $23.10 and a one year high of $24.20.

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. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.3245 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.4%.

PhenixFIN Co. 5.25% Notes due 2028 Company Profile

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.