Short Interest in TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Expands By 222.7%

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 97,183 shares, an increase of 222.7% from the March 31st total of 30,113 shares. Based on an average trading volume of 14,169 shares, the days-to-cover ratio is presently 6.9 days.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Up 0.0%

Shares of TPGXL opened at $24.89 on Monday. The stock has a 50-day simple moving average of $24.72 and a 200-day simple moving average of $25.13. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 1 year low of $23.66 and a 1 year high of $26.25.

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Sunday, March 1st were paid a dividend of $0.4344 per share. The ex-dividend date was Friday, February 27th. This represents a $1.74 annualized dividend and a yield of 7.0%.

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.