Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Short Interest Down 62.6% in January

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,526 shares, a drop of 62.6% from the January 15th total of 9,435 shares. Based on an average trading volume of 2,648 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 2,648 shares, the short-interest ratio is currently 1.3 days.

Popular Capital Trust II PFD GTD 6.125% Price Performance

Shares of NASDAQ:BPOPM opened at $25.05 on Wednesday. The business’s 50 day simple moving average is $25.32 and its 200-day simple moving average is $25.20. Popular Capital Trust II PFD GTD 6.125% has a 12 month low of $24.53 and a 12 month high of $25.98.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be issued a $0.1276 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend 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.