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

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 9,307 shares, an increase of 87.0% from the June 15th total of 4,977 shares. Based on an average trading volume of 9,645 shares, the short-interest ratio is currently 1.0 days.

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

TRINI stock traded down $0.01 during trading on Thursday, hitting $25.20. The company had a trading volume of 1,428 shares, compared to its average volume of 12,214. Trinity Capital Inc. – 7.875% Notes Due 2029 has a fifty-two week low of $24.90 and a fifty-two week high of $25.74. The company has a fifty day moving average price of $25.31 and a two-hundred day moving average price of $25.31.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.4922 per share. The ex-dividend date was Monday, June 15th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%.

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.