ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Up 76.8% in November

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 14,500 shares, a growth of 76.8% from the October 31st total of 8,200 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is presently 0.6 days.

ArrowMark Financial Stock Up 0.1 %

BANX traded up $0.02 during midday trading on Friday, hitting $20.70. The stock had a trading volume of 3,911 shares, compared to its average volume of 18,887. ArrowMark Financial has a 1 year low of $16.96 and a 1 year high of $21.67. The business has a fifty day moving average of $20.57 and a 200 day moving average of $19.67.

ArrowMark Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of ArrowMark Financial

Several hedge funds have recently added to or reduced their stakes in BANX. Capital Investment Advisors LLC boosted its stake in shares of ArrowMark Financial by 3.0% during the second quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock valued at $631,000 after purchasing an additional 1,000 shares during the period. Pathway Financial Advisers LLC boosted its position in ArrowMark Financial by 1,969.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after buying an additional 14,768 shares during the period. Catalina Capital Group LLC bought a new stake in ArrowMark Financial in the 3rd quarter worth $213,000. Falcon Wealth Planning increased its position in shares of ArrowMark Financial by 14.4% in 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 period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of ArrowMark Financial by 15.0% during the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock valued at $461,000 after acquiring an additional 2,900 shares during the last quarter. 24.93% of the stock is owned by institutional investors.

About ArrowMark Financial

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.