TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 16,305 shares, a growth of 188.4% from the June 15th total of 5,654 shares. Based on an average daily volume of 59,702 shares, the days-to-cover ratio is currently 0.3 days.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Price Performance
Shares of NASDAQ:TPGXL traded down $0.12 during midday trading on Monday, reaching $22.98. The company’s stock had a trading volume of 6,719 shares, compared to its average volume of 23,950. The business has a 50 day moving average price of $23.65 and a 200 day moving average price of $24.44. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 1 year low of $22.34 and a 1 year high of $26.25.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.4344 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, June 1st.
TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.
In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.
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