Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Short Interest Update

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT – Get Rating) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 10,700 shares, an increase of 48.6% from the April 15th total of 7,200 shares. Based on an average daily volume of 64,800 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Apollo Senior Floating Rate Fund

A number of institutional investors have recently modified their holdings of AFT. Invesco Ltd. lifted its holdings in shares of Apollo Senior Floating Rate Fund by 24.3% in the first quarter. Invesco Ltd. now owns 210,511 shares of the closed-end fund’s stock valued at $3,078,000 after purchasing an additional 41,170 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Apollo Senior Floating Rate Fund by 20.7% during the 1st quarter. Royal Bank of Canada now owns 43,365 shares of the closed-end fund’s stock worth $635,000 after acquiring an additional 7,423 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Apollo Senior Floating Rate Fund by 6.5% during the 1st quarter. Advisors Asset Management Inc. now owns 329,625 shares of the closed-end fund’s stock worth $4,819,000 after acquiring an additional 20,194 shares in the last quarter. Virtu Financial LLC acquired a new position in Apollo Senior Floating Rate Fund during the first quarter worth $169,000. Finally, Walleye Capital LLC acquired a new position in Apollo Senior Floating Rate Fund during the first quarter worth $446,000.

Apollo Senior Floating Rate Fund Stock Performance

Shares of AFT stock opened at $12.46 on Friday. The company’s 50 day moving average price is $12.60 and its two-hundred day moving average price is $12.71. Apollo Senior Floating Rate Fund has a 52 week low of $12.15 and a 52 week high of $13.91.

Apollo Senior Floating Rate Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Tuesday, May 23rd will be paid a $0.118 dividend. The ex-dividend date is Monday, May 22nd. This is a positive change from Apollo Senior Floating Rate Fund’s previous monthly dividend of $0.11. This represents a $1.42 dividend on an annualized basis and a yield of 11.36%.

Apollo Senior Floating Rate Fund Company Profile

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Apollo Senior Floating Rate Fund, Inc operates as a closed-end investment management company. It seeks to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade, and investments with similar characteristics. The company was founded in 2011 and is headquartered in New York, NY.