Short Interest in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Increases By 127.0%

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,844 shares, a growth of 127.0% from the August 15th total of 1,253 shares. Based on an average trading volume of 1,628 shares, the short-interest ratio is presently 1.7 days.

BFC Capital Trust II PFD TR 7.20% Stock Performance

Shares of BANFP stock opened at $26.31 on Monday. BFC Capital Trust II PFD TR 7.20% has a twelve month low of $25.50 and a twelve month high of $29.75. The stock’s fifty day simple moving average is $27.04 and its 200 day simple moving average is $26.58.

Institutional Trading of BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new position in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,586 shares of the company’s stock, valued at approximately $41,000.

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.