Short Interest in ArrowMark Financial Corp. (NASDAQ:BANX) Expands By 47.5%

ArrowMark Financial Corp. (NASDAQ:BANX) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 11,800 shares, an increase of 47.5% from the August 15th total of 8,000 shares. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is presently 0.6 days.

ArrowMark Financial Stock Down 0.1 %

Shares of BANX stock opened at $20.22 on Monday. ArrowMark Financial has a 52 week low of $16.28 and a 52 week high of $20.75. The company has a 50-day simple moving average of $19.65 and a 200 day simple moving average of $18.92.

Institutional Investors Weigh In On ArrowMark Financial

Institutional investors have recently made changes to their positions in the company. Falcon Wealth Planning acquired a new stake in ArrowMark Financial during the 2nd quarter worth approximately $264,000. Oppenheimer & Co. Inc. acquired a new position in shares of ArrowMark Financial in the first quarter valued at about $340,000. Finally, Capital Investment Advisors LLC increased its position in ArrowMark Financial by 3.0% during the second quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 24.93% of the company’s stock.

About ArrowMark Financial

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.