Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Short Interest Down 70.7% in March

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,633 shares, a drop of 70.7% from the February 26th total of 5,581 shares. Based on an average daily volume of 1,456 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 1,456 shares, the days-to-cover ratio is presently 1.1 days.

Popular Capital Trust II PFD GTD 6.125% Price Performance

NASDAQ BPOPM opened at $25.29 on Wednesday. Popular Capital Trust II PFD GTD 6.125% has a twelve month low of $24.53 and a twelve month high of $25.98. The stock has a 50-day simple moving average of $25.33 and a 200 day simple moving average of $25.25.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th will be given a $0.1276 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, March 13th.

Popular Capital Trust II PFD GTD 6.125% Company Profile

Popular Capital Trust II Pfd Gtd 6.125% (NASDAQ: BPOPM) is a Delaware statutory trust formed by Popular, Inc to issue cumulative preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by Popular, Inc, which serve as collateral for the preferred securities. Investors in BPOPM receive a fixed annual distribution rate of 6.125% through the initial fixed‐rate period.

These trust preferred securities are guaranteed on a subordinated basis by Popular, Inc, a financial holding company headquartered in San Juan, Puerto Rico.