BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,844 shares, an increase of 127.0% from the August 15th total of 1,253 shares. Based on an average daily trading volume, of 1,628 shares, the short-interest ratio is presently 1.7 days.
Hedge Funds Weigh In On BFC Capital Trust II PFD TR 7.20%
An institutional investor recently bought a new stake in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,586 shares of the company’s stock, valued at approximately $41,000.
BFC Capital Trust II PFD TR 7.20% Stock Down 3.9%
BANFP stock opened at $27.65 on Wednesday. BFC Capital Trust II PFD TR 7.20% has a one year low of $25.50 and a one year high of $29.75. The firm has a 50-day moving average of $27.13 and a two-hundred day moving average of $26.61.
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.
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