Short Interest in ArrowMark Financial Corp. (NASDAQ:BANX) Decreases By 40.0%

by · The Markets Daily

ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 5,100 shares, a drop of 40.0% from the September 30th total of 8,500 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On ArrowMark Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in shares of ArrowMark Financial during the 1st quarter valued at $340,000. Capital Investment Advisors LLC lifted its holdings in shares of ArrowMark Financial by 3.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock valued at $631,000 after buying an additional 1,000 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of ArrowMark Financial by 1,969.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after buying an additional 14,768 shares during the period. Finally, Falcon Wealth Planning bought a new position in shares of ArrowMark Financial during the 2nd quarter valued at $264,000. 24.93% of the stock is owned by institutional investors.

ArrowMark Financial Trading Down 0.1 %

Shares of BANX opened at $20.20 on Friday. The business’s fifty day simple moving average is $20.42 and its two-hundred day simple moving average is $19.27. ArrowMark Financial has a 12 month low of $16.28 and a 12 month high of $21.67.

ArrowMark Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 8.91%.

About ArrowMark Financial

(Get Free Report)

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.

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