BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Update

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

BFC Capital Trust II PFD TR 7.20% Stock Performance

BFC Capital Trust II PFD TR 7.20% stock traded down $0.09 during mid-day trading on Friday, hitting $26.13. 125 shares of the company were exchanged, compared to its average volume of 700. The business’s 50 day simple moving average is $26.28 and its two-hundred day simple moving average is $26.23. BFC Capital Trust II PFD TR 7.20% has a 12-month low of $25.50 and a 12-month high of $26.50.

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. Shareholders of record on Tuesday, March 31st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.80 annualized dividend and a yield of 6.9%.

Hedge Funds Weigh In On 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. acquired a new position in shares of 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 & Exchange Commission. The firm acquired 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.