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

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 22,394 shares, a growth of 348.3% from the February 12th total of 4,995 shares. Based on an average daily trading volume, of 18,894 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 18,894 shares, the days-to-cover ratio is presently 1.2 days.

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

TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 stock opened at $24.70 on Wednesday. The firm has a 50 day moving average of $25.00 and a 200 day moving average of $25.39. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 12-month low of $23.53 and a 12-month high of $26.25.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Sunday, March 1st will be given a $0.4344 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, February 27th.

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.