Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Short Interest Update

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 6,940 shares, an increase of 318.6% from the November 30th total of 1,658 shares. Based on an average daily volume of 7,759 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 7,759 shares, the days-to-cover ratio is presently 0.9 days.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

Shares of BPOPM stock opened at $25.22 on Friday. Popular Capital Trust II PFD GTD 6.125% has a fifty-two week low of $24.53 and a fifty-two week high of $26.09. The business has a fifty day simple moving average of $25.18 and a 200-day simple moving average of $25.10.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.1276 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II Pfd Gtd 6.125% (NASDAQ: BPOPM) is a Delaware statutory trust formed by Popular, Inc to issue cumulative preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by Popular, Inc, which serve as collateral for the preferred securities. Investors in BPOPM receive a fixed annual distribution rate of 6.125% through the initial fixed‐rate period.

These trust preferred securities are guaranteed on a subordinated basis by Popular, Inc, a financial holding company headquartered in San Juan, Puerto Rico.