BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Down 53.5% in April

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 689 shares, a decrease of 53.5% from the April 15th total of 1,483 shares. Based on an average trading volume of 265 shares, the short-interest ratio is presently 2.6 days.

BFC Capital Trust II PFD TR 7.20% Stock Down 0.3%

Shares of NASDAQ:BANFP traded down $0.09 during trading on Friday, hitting $26.13. The stock had a trading volume of 103 shares, compared to its average volume of 710. BFC Capital Trust II PFD TR 7.20% has a 12 month low of $25.50 and a 12 month high of $26.50. The firm’s fifty day moving average is $26.27 and its 200 day moving average is $26.23.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.45 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 6.9%.

Institutional Trading of BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,586 shares of the company’s stock, valued at approximately $42,000.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.