Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Sees Large Increase in Short Interest

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 9,307 shares, a growth of 87.0% from the June 15th total of 4,977 shares. Based on an average daily trading volume, of 9,645 shares, the days-to-cover ratio is presently 1.0 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

Shares of NASDAQ TRINI traded down $0.01 during mid-day trading on Thursday, reaching $25.20. The company had a trading volume of 1,428 shares, compared to its average volume of 12,214. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 12-month low of $24.90 and a 12-month high of $25.74. The stock has a fifty day moving average of $25.31 and a two-hundred day moving average of $25.31.

Trinity Capital Inc. – 7.875% Notes Due 2029 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given 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:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.