Arrow Reserve Capital Management ETF (BATS:ARCM) Stock Short Interest Drops 60.9%

Arrow Reserve Capital Management ETF (BATS:ARCM – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 75 shares, a decrease of 60.9% from the September 30th total of 192 shares. Based on an average daily trading volume, of 664 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Arrow Reserve Capital Management ETF

A hedge fund recently bought a new position in Arrow Reserve Capital Management ETF stock. Compound Planning Inc. purchased a new stake in Arrow Reserve Capital Management ETF (BATS:ARCM – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,662 shares of the company’s stock, valued at approximately $366,000. Compound Planning Inc. owned about 0.80% of Arrow Reserve Capital Management ETF at the end of the most recent reporting period.

Arrow Reserve Capital Management ETF Stock Down 0.3%

ARCM opened at $99.97 on Friday. Arrow Reserve Capital Management ETF has a 52 week low of $99.34 and a 52 week high of $101.26. The business’s 50 day moving average is $100.11 and its two-hundred day moving average is $100.20.

Arrow Reserve Capital Management ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Friday, October 30th will be given a dividend of $0.3059 per share. This represents a $3.67 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.3049. The ex-dividend date is Friday, October 30th.

About Arrow Reserve Capital Management ETF

(Get Free Report)

The Arrow Reserve Capital Management ETF (ARCM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to preserve capital and maximize income potential by investing in investment-grade, short-term debt securities. ARCM was launched on Mar 31, 2017 and is managed by ArrowShares.

Recommended Stories

Receive News & Ratings for Arrow Reserve Capital Management ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Reserve Capital Management ETF and related companies with MarketBeat.com's FREE daily email newsletter.