Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (NASDAQ:ABLLL) Sees Significant Growth in Short Interest

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (NASDAQ:ABLLLGet Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,700 shares, an increase of 41.7% from the July 31st total of 1,200 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 12,000 shares, the short-interest ratio is currently 0.1 days.

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 Price Performance

Shares of NASDAQ ABLLL opened at $25.05 on Wednesday. Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 has a 12-month low of $20.52 and a 12-month high of $38.50. The stock’s 50 day simple moving average is $24.98 and its 200 day simple moving average is $25.27.

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.6172 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.47 annualized dividend and a yield of 9.9%.

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