MidCap Financial Investment Co. (NASDAQ:MFICL) Short Interest Down 79.2% in June

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 270 shares, a drop of 79.2% from the June 15th total of 1,301 shares. Based on an average trading volume of 2,982 shares, the days-to-cover ratio is presently 0.1 days.

MidCap Financial Investment Stock Performance

MFICL traded down $0.01 during midday trading on Friday, reaching $25.37. 1,305 shares of the company were exchanged, compared to its average volume of 6,121. The company’s fifty day moving average price is $25.39 and its 200 day moving average price is $25.31. MidCap Financial Investment has a one year low of $25.00 and a one year high of $25.69.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.00 annualized dividend and a dividend yield of 7.9%.

About MidCap Financial Investment

MidCap Financial Investment (NASDAQ: MFICL) is an externally managed business development company that provides customized financing solutions to privately held, lower middle-market companies in the United States. The company has elected to be treated as a business development company under the Investment Company Act of 1940 and is advised by MidCap Financial LLC, a specialized private credit investment firm.

The firm’s investment strategy centers on debt and equity financings, including senior secured loans, unitranche structures, mezzanine debt and equity co-investments.