Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Short Interest Up 57.5% in April

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 18,900 shares, a growth of 57.5% from the March 31st total of 12,000 shares. Based on an average trading volume of 94,000 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at Apollo Senior Floating Rate Fund

In related news, Director Barry J. Cohen bought 8,365 shares of the stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of $14.19 per share, for a total transaction of $118,699.35. Following the purchase, the director now owns 18,365 shares of the company’s stock, valued at $260,599.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Road Capital Management L.P. grew its holdings in shares of Apollo Senior Floating Rate Fund by 8.1% in the fourth quarter. Jones Road Capital Management L.P. now owns 14,004 shares of the closed-end fund’s stock valued at $186,000 after purchasing an additional 1,045 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Apollo Senior Floating Rate Fund by 16.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,000 shares of the closed-end fund’s stock worth $186,000 after buying an additional 2,000 shares during the last quarter. Anchor Investment Management LLC bought a new stake in Apollo Senior Floating Rate Fund in the fourth quarter worth $36,000. Nomura Holdings Inc. bought a new stake in Apollo Senior Floating Rate Fund in the fourth quarter worth $141,000. Finally, Raymond James & Associates bought a new stake in Apollo Senior Floating Rate Fund in the third quarter worth $143,000.

Apollo Senior Floating Rate Fund Stock Performance

AFT opened at $14.20 on Monday. The company’s 50-day simple moving average is $14.26 and its two-hundred day simple moving average is $13.65. Apollo Senior Floating Rate Fund has a 52-week low of $12.28 and a 52-week high of $14.73.

Apollo Senior Floating Rate Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.83%. The ex-dividend date is Monday, April 22nd.

About Apollo Senior Floating Rate Fund

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.