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

ArrowMark Financial Corp. (NASDAQ:BANX) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 46,836 shares, a drop of 90.4% from the February 12th total of 490,077 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 85,537 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 85,537 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On ArrowMark Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC bought a new stake in shares of ArrowMark Financial in the third quarter valued at approximately $204,000. Private Advisor Group LLC purchased a new position in ArrowMark Financial in the 3rd quarter valued at approximately $205,000. Accurate Wealth Management LLC bought a new stake in ArrowMark Financial during the 3rd quarter valued at $311,000. Marshall Wace LLP purchased a new stake in shares of ArrowMark Financial during the second quarter worth $386,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 4,762 shares during the period. Institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Trading Up 1.9%

Shares of ArrowMark Financial stock opened at $19.26 on Wednesday. The business’s fifty day simple moving average is $20.67 and its 200 day simple moving average is $21.27. ArrowMark Financial has a 12 month low of $17.99 and a 12 month high of $23.67.

ArrowMark Financial Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 3rd were paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Tuesday, February 3rd.

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.