Apollo Tactical Income Fund Inc. (NYSE:AIF – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 85,900 shares, a growth of 50.2% from the May 31st total of 57,200 shares. Based on an average trading volume of 103,100 shares, the short-interest ratio is presently 0.8 days.
Institutional Investors Weigh In On Apollo Tactical Income Fund
A number of large investors have recently modified their holdings of AIF. Capital Market Strategies LLC acquired a new position in Apollo Tactical Income Fund during the fourth quarter worth about $322,000. Ausdal Financial Partners Inc. acquired a new position in shares of Apollo Tactical Income Fund during the fourth quarter worth $226,000. Nottingham Advisors Inc. boosted its holdings in shares of Apollo Tactical Income Fund by 73.2% during the 4th quarter. Nottingham Advisors Inc. now owns 27,208 shares of the company’s stock valued at $380,000 after acquiring an additional 11,500 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in Apollo Tactical Income Fund during the 4th quarter worth $219,000. Finally, Citizens Business Bank bought a new position in Apollo Tactical Income Fund in the fourth quarter valued at about $377,000.
Apollo Tactical Income Fund Stock Up 0.3 %
Shares of NYSE AIF traded up $0.04 during mid-day trading on Friday, reaching $14.64. The company had a trading volume of 38,580 shares, compared to its average volume of 119,004. The business’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $14.49. Apollo Tactical Income Fund has a one year low of $12.49 and a one year high of $15.45.
Apollo Tactical Income Fund Announces Dividend
About Apollo Tactical Income Fund
Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.
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