TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Short Interest Update

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 19,155 shares, a growth of 104.7% from the July 15th total of 9,357 shares. Based on an average daily volume of 18,725 shares, the short-interest ratio is presently 1.0 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Price Performance

Shares of NASDAQ:TPGXL opened at $22.90 on Monday. The company’s 50-day moving average is $23.04 and its 200 day moving average is $24.07. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a fifty-two week low of $22.34 and a fifty-two week high of $26.25.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.4344 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.74 annualized dividend and a yield of 7.6%.

TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.

In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.