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

ArrowMark Financial Corp. (NASDAQ:BANX) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 25,747 shares, a growth of 88.2% from the April 30th total of 13,682 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 41,591 shares, the short-interest ratio is currently 0.6 days.

ArrowMark Financial Stock Down 0.7%

NASDAQ BANX opened at $19.67 on Tuesday. ArrowMark Financial has a 1 year low of $18.45 and a 1 year high of $23.67. The business’s fifty day moving average is $19.51 and its two-hundred day moving average is $20.47.

ArrowMark Financial Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend was Friday, May 22nd.

Institutional Trading of ArrowMark Financial

Several large investors have recently added to or reduced their stakes in BANX. ArrowMark Colorado Holdings LLC raised its stake in ArrowMark Financial by 488.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 808,076 shares of the investment management company’s stock valued at $17,632,000 after purchasing an additional 670,749 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in ArrowMark Financial during the 4th quarter valued at $1,513,000. Marshall Wace LLP acquired a new stake in ArrowMark Financial during the 2nd quarter valued at $386,000. Osaic Holdings Inc. raised its stake in ArrowMark Financial by 36.9% during the 4th quarter. Osaic Holdings Inc. now owns 46,816 shares of the investment management company’s stock valued at $1,022,000 after purchasing an additional 12,608 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in ArrowMark Financial during the 3rd quarter valued at $205,000. 24.93% of the stock is owned by institutional investors and hedge funds.

ArrowMark Financial Company Profile

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.