ArrowMark Financial Corp. (NASDAQ:BANX) Sees Significant Increase in Short Interest

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 16,600 shares, a growth of 14.5% from the November 15th total of 14,500 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 0.7 days.

ArrowMark Financial Stock Up 0.0 %

Shares of NASDAQ:BANX traded up $0.01 during trading on Friday, hitting $20.77. 12,125 shares of the company traded hands, compared to its average volume of 18,720. ArrowMark Financial has a one year low of $17.58 and a one year high of $21.67. The business’s fifty day moving average is $20.59 and its 200-day moving average is $19.85.

ArrowMark Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 26th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date is Thursday, December 26th.

Hedge Funds Weigh In On ArrowMark Financial

Institutional investors have recently modified their holdings of the company. Catalina Capital Group LLC acquired a new position in ArrowMark Financial during the 3rd quarter valued at about $213,000. Pathway Financial Advisers LLC raised its holdings in shares of ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after buying an additional 14,768 shares during the last quarter. Falcon Wealth Planning boosted its position in shares of 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 buying an additional 2,054 shares during the period. Oppenheimer & Co. Inc. grew its holdings in ArrowMark Financial by 15.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock worth $461,000 after buying an additional 2,900 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its position in ArrowMark Financial by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock valued at $740,000 after acquiring an additional 1,496 shares during the period. Institutional investors own 24.93% of the company’s stock.

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.