Short Interest in Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) Grows By 693.4%

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

Institutional Trading of Trinity Capital Inc. 7.875% Notes due 2029

A hedge fund recently bought a new position in Trinity Capital Inc. 7.875% Notes due 2029 stock. Karpus Management Inc. purchased a new position in shares of Trinity Capital Inc. 7.875% Notes due 2029 (NASDAQ:TRINZ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,225 shares of the company’s stock, valued at approximately $31,000.

Trinity Capital Inc. 7.875% Notes due 2029 Price Performance

Shares of TRINZ stock traded down $0.01 during midday trading on Friday, reaching $25.19. 5,129 shares of the company traded hands, compared to its average volume of 7,951. The firm’s 50 day simple moving average is $25.33 and its two-hundred day simple moving average is $25.29. Trinity Capital Inc. 7.875% Notes due 2029 has a 1-year low of $24.91 and a 1-year high of $25.66.

Trinity Capital Inc. 7.875% Notes due 2029 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.4922 dividend. This represents a $1.97 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, June 15th.

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.