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

ArrowMark Financial Corp. (NASDAQ:BANX) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 14,193 shares, a decrease of 33.8% from the December 15th total of 21,424 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 24,036 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 24,036 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On ArrowMark Financial

A number of institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC bought a new stake in ArrowMark Financial during the 3rd quarter valued at approximately $204,000. Private Advisor Group LLC acquired a new position in shares of ArrowMark Financial during the third quarter worth approximately $205,000. Accurate Wealth Management LLC acquired a new position in shares of ArrowMark Financial during the third quarter worth approximately $311,000. Catalina Capital Group LLC boosted its position in shares of ArrowMark Financial by 51.9% in the second quarter. Catalina Capital Group LLC now owns 15,678 shares of the investment management company’s stock valued at $328,000 after acquiring an additional 5,354 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of ArrowMark Financial in the second quarter worth $386,000. 24.93% of the stock is currently owned by institutional investors.

ArrowMark Financial Stock Up 0.5%

ArrowMark Financial stock traded up $0.11 during trading hours on Friday, reaching $21.34. 147,248 shares of the company were exchanged, compared to its average volume of 50,068. ArrowMark Financial has a 12 month low of $17.99 and a 12 month high of $23.67. The stock has a 50-day moving average of $21.76 and a 200 day moving average of $21.38.

ArrowMark Financial Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 22nd. This represents a yield of 817.0%.

About ArrowMark Financial

ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.