Short Interest in ArrowMark Financial Corp. (NASDAQ:BANX) Declines By 78.1%

ArrowMark Financial Corp. (NASDAQ:BANX) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 10,256 shares, a decrease of 78.1% from the February 26th total of 46,836 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 60,671 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of ArrowMark Financial

A number of hedge funds have recently made changes to their positions in the stock. Everstar Asset Management LLC boosted its holdings in shares of ArrowMark Financial by 68.7% during the second quarter. Everstar Asset Management LLC now owns 40,422 shares of the investment management company’s stock worth $846,000 after purchasing an additional 16,457 shares during the period. Noble Wealth Management PBC increased its stake in ArrowMark Financial by 3.9% in the 4th quarter. Noble Wealth Management PBC now owns 80,711 shares of the investment management company’s stock valued at $1,761,000 after buying an additional 3,032 shares during the period. Closed End Fund Advisors Inc. purchased a new stake in ArrowMark Financial in the 4th quarter worth approximately $1,513,000. Private Advisor Group LLC purchased a new stake in ArrowMark Financial in the 3rd quarter worth approximately $205,000. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of ArrowMark Financial by 488.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 808,076 shares of the investment management company’s stock valued at $17,632,000 after buying an additional 670,749 shares during the period. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Stock Up 0.5%

Shares of ArrowMark Financial stock opened at $19.15 on Thursday. ArrowMark Financial has a 12 month low of $17.99 and a 12 month high of $23.67. The business has a fifty day simple moving average of $20.08 and a 200-day simple moving average of $21.15.

ArrowMark Financial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Monday, March 23rd.

About ArrowMark Financial

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.