BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Down 40.9% in June

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 1,297 shares, a decline of 40.9% from the May 31st total of 2,193 shares. Based on an average daily trading volume, of 659 shares, the days-to-cover ratio is presently 2.0 days.

BFC Capital Trust II PFD TR 7.20% Stock Performance

Shares of BFC Capital Trust II PFD TR 7.20% stock opened at $26.25 on Friday. BFC Capital Trust II PFD TR 7.20% has a 1-year low of $25.50 and a 1-year high of $27.09. The business has a 50-day moving average of $26.43 and a 200-day moving average of $26.29.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%.

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. bought a new stake in shares of BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,586 shares of the company’s stock, valued at approximately $42,000.

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.