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 increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,844 shares, an increase of 127.0% from the August 15th total of 1,253 shares. Based on an average daily trading volume, of 1,628 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On BFC Capital Trust II PFD TR 7.20%

An institutional investor 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 shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,586 shares of the company’s stock, valued at approximately $41,000.

BFC Capital Trust II PFD TR 7.20% Price Performance

NASDAQ BANFP traded down $1.13 on Tuesday, reaching $27.65. The stock had a trading volume of 2,971 shares, compared to its average volume of 957. BFC Capital Trust II PFD TR 7.20% has a 12-month low of $25.50 and a 12-month high of $29.75. The business’s 50-day moving average price is $27.10 and its 200 day moving average price is $26.60.

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.