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

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 8,200 shares, an increase of 60.8% from the October 15th total of 5,100 shares. Based on an average daily volume of 24,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of ArrowMark Financial

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new stake in shares of ArrowMark Financial during the first quarter worth approximately $340,000. Capital Investment Advisors LLC lifted its stake in shares of ArrowMark Financial by 3.0% in the 2nd quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after acquiring an additional 1,000 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of ArrowMark Financial by 1,969.1% in the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 14,768 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of ArrowMark Financial during the third quarter worth about $213,000. Finally, Falcon Wealth Planning raised its holdings in ArrowMark Financial by 14.4% during the third quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company’s stock worth $339,000 after purchasing an additional 2,054 shares in the last quarter. 24.93% of the stock is owned by institutional investors and hedge funds.

ArrowMark Financial Trading Up 0.7 %

ArrowMark Financial stock traded up $0.15 during midday trading on Friday, hitting $20.40. 19,494 shares of the company’s stock were exchanged, compared to its average volume of 19,052. The firm’s 50 day simple moving average is $20.54 and its 200 day simple moving average is $19.50. ArrowMark Financial has a 12-month low of $16.90 and a 12-month high of $21.67.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend was Thursday, September 26th.

ArrowMark Financial Company Profile

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.