ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 8,000 shares, an increase of 56.9% from the July 31st total of 5,100 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BANX. Falcon Wealth Planning bought a new position in ArrowMark Financial in the 2nd quarter valued at $264,000. Capital Investment Advisors LLC lifted its position in ArrowMark Financial by 3.0% during the 2nd 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. Oppenheimer & Co. Inc. bought a new position in shares of ArrowMark Financial in the 1st quarter valued at about $340,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of ArrowMark Financial by 3.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 229,144 shares of the investment management company’s stock worth $4,353,000 after buying an additional 7,110 shares during the last quarter. Institutional investors and hedge funds own 24.93% of the company’s stock.
ArrowMark Financial Stock Up 0.7 %
Shares of BANX traded up $0.15 on Friday, hitting $20.65. The company’s stock had a trading volume of 18,340 shares, compared to its average volume of 17,198. The company has a 50 day moving average price of $19.29 and a 200 day moving average price of $18.77. ArrowMark Financial has a fifty-two week low of $16.28 and a fifty-two week high of $20.75.
ArrowMark Financial Announces Dividend
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.
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