Short Interest in Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Increases By 60.9%

Apollo Senior Floating Rate Fund Inc. (NYSE:AFTGet Rating) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,700 shares, a growth of 60.9% from the March 15th total of 2,300 shares. Based on an average trading volume of 81,800 shares, the days-to-cover ratio is currently 0.0 days.

Several institutional investors and hedge funds have recently bought and sold shares of AFT. Stonebridge Capital Advisors LLC bought a new position in shares of Apollo Senior Floating Rate Fund during the 4th quarter worth $64,000. First Trust Advisors LP lifted its stake in shares of Apollo Senior Floating Rate Fund by 24.5% during the 1st quarter. First Trust Advisors LP now owns 13,460 shares of the closed-end fund’s stock worth $200,000 after purchasing an additional 2,651 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Apollo Senior Floating Rate Fund by 628.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,750 shares of the closed-end fund’s stock worth $205,000 after purchasing an additional 11,000 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Apollo Senior Floating Rate Fund in the fourth quarter valued at about $265,000. Finally, Oppenheimer & Co. Inc. raised its stake in Apollo Senior Floating Rate Fund by 12.9% in the third quarter. Oppenheimer & Co. Inc. now owns 17,270 shares of the closed-end fund’s stock valued at $273,000 after buying an additional 1,973 shares during the last quarter.

Apollo Senior Floating Rate Fund stock traded down $0.12 during mid-day trading on Friday, hitting $14.54. The company’s stock had a trading volume of 38,574 shares, compared to its average volume of 80,543. Apollo Senior Floating Rate Fund has a one year low of $14.23 and a one year high of $17.20. The company has a 50 day moving average of $15.14 and a 200-day moving average of $15.83.

The company also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 21st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date is Wednesday, April 20th.

Apollo Senior Floating Rate Fund Company Profile (Get Rating)

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.

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