Short Interest in Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Expands By 265.5%

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 5,581 shares, a growth of 265.5% from the February 12th total of 1,527 shares. Based on an average daily trading volume, of 2,460 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 2,460 shares, the days-to-cover ratio is presently 2.3 days.

Popular Capital Trust II PFD GTD 6.125% Stock Down 0.2%

Shares of BPOPM stock opened at $25.42 on Wednesday. The stock has a 50-day moving average of $25.35 and a 200-day moving average of $25.23. Popular Capital Trust II PFD GTD 6.125% has a one year low of $24.53 and a one year high of $25.98.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th will be paid a $0.1276 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II Pfd Gtd 6.125% (NASDAQ: BPOPM) is a Delaware statutory trust formed by Popular, Inc to issue cumulative preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by Popular, Inc, which serve as collateral for the preferred securities. Investors in BPOPM receive a fixed annual distribution rate of 6.125% through the initial fixed‐rate period.

These trust preferred securities are guaranteed on a subordinated basis by Popular, Inc, a financial holding company headquartered in San Juan, Puerto Rico.