Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Sees Large Decrease in Short Interest

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decline of 12.1% from the October 15th total of 3,300 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 2.6 days.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

Shares of NASDAQ:BPOPM traded up $0.49 during midday trading on Friday, reaching $25.74. 5,453 shares of the company traded hands, compared to its average volume of 2,358. Popular Capital Trust II PFD GTD 6.125% has a 12 month low of $24.71 and a 12 month high of $26.25. The firm’s fifty day moving average price is $25.81 and its two-hundred day moving average price is $25.53.

Popular Capital Trust II PFD GTD 6.125% Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.1276 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, November 15th.

About Popular Capital Trust II PFD GTD 6.125%

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services in Puerto Rico, the United States, and British Virgin Islands. The company provides savings, NOW, money market, and other interest-bearing demand accounts; non-interest bearing demand deposits; and certificates of deposit.