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

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 8,200 shares, a growth of 60.8% from the October 15th total of 5,100 shares. Based on an average trading volume of 24,000 shares, the short-interest ratio is currently 0.3 days.

ArrowMark Financial Stock Performance

Shares of NASDAQ BANX opened at $20.58 on Thursday. ArrowMark Financial has a 52 week low of $16.67 and a 52 week high of $21.67. The business has a 50-day simple moving average of $20.54 and a two-hundred day simple moving average of $19.49.

ArrowMark Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 8.75%.

Institutional Trading of ArrowMark Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Catalina Capital Group LLC bought a new position in shares of ArrowMark Financial in the third quarter worth $213,000. Falcon Wealth Planning bought a new position in ArrowMark Financial in the 2nd quarter worth about $264,000. Pathway Financial Advisers LLC raised its holdings in shares of ArrowMark Financial by 1,969.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 14,768 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of ArrowMark Financial during the 1st quarter valued at about $340,000. Finally, Capital Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,000 shares in the last quarter. 24.93% of the stock is currently owned by hedge funds and other institutional investors.

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.