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

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 10,256 shares, a decline of 78.1% from the February 26th total of 46,836 shares. Based on an average daily volume of 60,671 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 60,671 shares, the short-interest ratio is currently 0.2 days.

ArrowMark Financial Trading Down 0.2%

Shares of BANX opened at $19.06 on Wednesday. The business’s fifty day moving average price is $20.12 and its two-hundred day moving average price is $21.16. ArrowMark Financial has a 52 week low of $17.99 and a 52 week high of $23.67.

ArrowMark Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, March 23rd.

Institutional Trading of ArrowMark Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Everstar Asset Management LLC raised its holdings in ArrowMark Financial by 68.7% during the 2nd quarter. Everstar Asset Management LLC now owns 40,422 shares of the investment management company’s stock worth $846,000 after purchasing an additional 16,457 shares during the last quarter. Marshall Wace LLP bought a new position in shares of ArrowMark Financial in the 2nd quarter valued at about $386,000. Osaic Holdings Inc. boosted its stake in shares of ArrowMark Financial by 26.5% in the 2nd quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock valued at $476,000 after purchasing an additional 4,762 shares during the last quarter. Accurate Wealth Management LLC acquired a new stake in shares of ArrowMark Financial during the 3rd quarter worth approximately $311,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of ArrowMark Financial during the third quarter worth approximately $204,000. 24.93% of the stock is currently 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.