Short Interest in Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Expands By 83.5%

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 4,544 shares, an increase of 83.5% from the May 31st total of 2,476 shares. Based on an average daily volume of 4,465 shares, the days-to-cover ratio is currently 1.0 days.

Popular Capital Trust II PFD GTD 6.125% Trading Up 0.5%

BPOPM stock opened at $25.13 on Thursday. Popular Capital Trust II PFD GTD 6.125% has a 1 year low of $24.54 and a 1 year high of $25.65. The stock has a 50-day simple moving average of $25.29 and a 200-day simple moving average of $25.31.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.1276 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 6.1%.

Popular Capital Trust II PFD GTD 6.125% Company Profile

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.