BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Short Interest Up 18.2% in March

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 837 shares, a growth of 18.2% from the February 26th total of 708 shares. Based on an average daily volume of 498 shares, the days-to-cover ratio is presently 1.7 days.

BFC Capital Trust II PFD TR 7.20% Stock Down 0.2%

BFC Capital Trust II PFD TR 7.20% stock traded down $0.06 during mid-day trading on Wednesday, hitting $26.26. 843 shares of the stock were exchanged, compared to its average volume of 764. The firm’s fifty day simple moving average is $26.20 and its two-hundred day simple moving average is $26.18. BFC Capital Trust II PFD TR 7.20% has a 12 month low of $25.50 and a 12 month high of $26.75.

BFC Capital Trust II PFD TR 7.20% Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.80 annualized dividend and a dividend yield of 6.9%.

Hedge Funds Weigh In On BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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.