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

ArrowMark Financial Corp. (NASDAQ:BANX) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 16,600 shares, a growth of 14.5% from the November 15th total of 14,500 shares. Based on an average daily volume of 23,500 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of ArrowMark Financial

A number of hedge funds have recently modified their holdings of BANX. Catalina Capital Group LLC acquired a new position in ArrowMark Financial during the 3rd quarter worth approximately $213,000. Pathway Financial Advisers LLC increased its holdings in shares of ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock worth $321,000 after buying an additional 14,768 shares in the last quarter. Falcon Wealth Planning raised its stake in shares of ArrowMark Financial by 14.4% during the third quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company’s stock valued at $339,000 after acquiring an additional 2,054 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of ArrowMark Financial by 15.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock valued at $461,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of ArrowMark Financial by 4.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock worth $740,000 after buying an additional 1,496 shares in the last quarter. 24.93% of the stock is currently owned by institutional investors and hedge funds.

ArrowMark Financial Trading Up 0.0 %

BANX stock traded up $0.01 during trading on Friday, hitting $20.77. 12,125 shares of the stock traded hands, compared to its average volume of 18,720. The company has a 50 day simple moving average of $20.59 and a 200 day simple moving average of $19.86. ArrowMark Financial has a one year low of $17.58 and a one year high of $21.67.

ArrowMark Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Thursday, December 26th.

ArrowMark Financial Company Profile

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.