BankUnited (BKU) : The traders have covered their outstanding shorts in BankUnited (BKU) to the tune of -8,420 shares, a change of -0.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 2,510,690 shares, however, by August 15, 2016, the shorts had reduced to 2,502,270 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.5% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 763,846 shares. The short interest information was released on Wednesday Aug 24th after the market close.
BankUnited (NYSE:BKU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.58 and $30.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.63, notching a gain of 0.07% for the day. The total traded volume was 645,496 . The stock had closed at $30.61 on the previous day.
In a related news,The officer (Officer of Subsidiary) of Bankunited, Inc., Bagnoli Mark sold 2,000 shares at $30.11 on July 29, 2016. The Insider selling transaction had a total value worth of $60,220. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
BankUnited, Inc. is a bank holding company with one wholly owned subsidiary, BankUnited, National Association, collectively, the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Companys lending focus is to serve commercial and middle-market businesses, their executives and consumers with financial products and services. It offers lending products , such as small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit, residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with various terms and rates.