ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Update

ArrowMark Financial Corp. (NASDAQ:BANX) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 52,318 shares, a growth of 103.2% from the May 14th total of 25,747 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 52,970 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On ArrowMark Financial

A number of large investors have recently bought and sold shares of BANX. Private Advisor Group LLC bought a new position in ArrowMark Financial in the third quarter worth approximately $205,000. Marshall Wace LLP bought a new position in ArrowMark Financial in the second quarter worth approximately $386,000. Osaic Holdings Inc. raised its stake in ArrowMark Financial by 26.5% in the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock worth $476,000 after buying an additional 4,762 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in ArrowMark Financial by 39.3% in the third quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company’s stock worth $489,000 after buying an additional 6,284 shares in the last quarter. Finally, Everstar Asset Management LLC raised its stake in ArrowMark Financial by 2.5% in the first quarter. Everstar Asset Management LLC now owns 47,345 shares of the investment management company’s stock worth $902,000 after buying an additional 1,153 shares in the last quarter. Institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Stock Performance

NASDAQ:BANX traded down $0.03 during trading hours on Friday, reaching $19.38. The company’s stock had a trading volume of 22,585 shares, compared to its average volume of 39,641. ArrowMark Financial has a 12 month low of $18.45 and a 12 month high of $23.67. The stock has a 50 day moving average price of $19.61 and a two-hundred day moving average price of $20.37.

ArrowMark Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.3%.

ArrowMark Financial Company Profile

ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.