Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Short Interest Up 116.3% in May

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 3,957 shares, an increase of 116.3% from the May 14th total of 1,829 shares. Based on an average daily trading volume, of 6,563 shares, the days-to-cover ratio is currently 0.6 days.

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

Trinity Capital Inc. – 7.875% Notes Due 2029 stock opened at $25.09 on Monday. The stock has a fifty day moving average of $25.32 and a two-hundred day moving average of $25.36. Trinity Capital Inc. – 7.875% Notes Due 2029 has a fifty-two week low of $24.90 and a fifty-two week high of $25.74.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.4922 dividend. This represents a $1.97 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is 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.