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

ArrowMark Financial Corp. (NASDAQ:BANX) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 5,300 shares, an increase of 32.5% from the June 30th total of 4,000 shares. Based on an average trading volume of 19,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of ArrowMark Financial

A number of institutional investors have recently made changes to their positions in the stock. Falcon Wealth Planning acquired a new stake in shares of ArrowMark Financial in the 2nd quarter worth approximately $264,000. Capital Investment Advisors LLC grew its position in ArrowMark Financial by 3.0% in the second quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after buying an additional 1,000 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in ArrowMark Financial in the first quarter worth approximately $340,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of ArrowMark Financial by 3.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 229,144 shares of the investment management company’s stock valued at $4,353,000 after buying an additional 7,110 shares in the last quarter. 24.93% of the stock is owned by institutional investors and hedge funds.

ArrowMark Financial Trading Down 0.5 %

Shares of NASDAQ:BANX traded down $0.09 during trading on Friday, reaching $19.21. The company had a trading volume of 18,321 shares, compared to its average volume of 25,282. The firm’s fifty day moving average is $18.66 and its 200 day moving average is $18.55. ArrowMark Financial has a twelve month low of $16.28 and a twelve month high of $19.82.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date was Monday, June 24th.

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.