Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Sees Large Decline in Short Interest

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,829 shares, a decline of 48.9% from the April 30th total of 3,582 shares. Based on an average trading volume of 10,595 shares, the days-to-cover ratio is currently 0.2 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Price Performance

Shares of NASDAQ:TRINI traded down $0.01 during trading on Tuesday, hitting $25.43. 11,073 shares of the stock were exchanged, compared to its average volume of 12,878. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 12-month low of $24.90 and a 12-month high of $25.74. The company has a fifty day moving average price of $25.25 and a two-hundred day moving average price of $25.37.

Trinity Capital Inc. – 7.875% Notes Due 2029 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Sunday, March 15th were paid a $0.4922 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.97 dividend on an annualized basis and a yield of 7.7%.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.