Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Short Interest Update

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 18,900 shares, a growth of 57.5% from the March 31st total of 12,000 shares. Based on an average daily trading volume, of 94,000 shares, the days-to-cover ratio is currently 0.2 days.

Apollo Senior Floating Rate Fund Stock Up 0.5 %

AFT opened at $14.20 on Friday. The stock has a 50-day moving average price of $14.26 and a 200-day moving average price of $13.64. Apollo Senior Floating Rate Fund has a 1 year low of $12.28 and a 1 year high of $14.73.

Apollo Senior Floating Rate Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be given a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 11.83%. The ex-dividend date of this dividend is Monday, April 22nd.

Insider Buying and Selling at Apollo Senior Floating Rate Fund

In other news, Director Barry J. Cohen acquired 8,365 shares of the stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $14.19 per share, with a total value of $118,699.35. Following the completion of the transaction, the director now owns 18,365 shares of the company’s stock, valued at approximately $260,599.35. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Apollo Senior Floating Rate Fund

Several large investors have recently modified their holdings of the stock. Jones Road Capital Management L.P. raised its position in shares of Apollo Senior Floating Rate Fund by 8.1% in the 4th quarter. Jones Road Capital Management L.P. now owns 14,004 shares of the closed-end fund’s stock worth $186,000 after purchasing an additional 1,045 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Apollo Senior Floating Rate Fund by 16.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,000 shares of the closed-end fund’s stock worth $186,000 after buying an additional 2,000 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Apollo Senior Floating Rate Fund in the 4th quarter worth about $36,000. Nomura Holdings Inc. purchased a new position in Apollo Senior Floating Rate Fund in the 4th quarter worth about $141,000. Finally, Raymond James & Associates purchased a new position in Apollo Senior Floating Rate Fund in the 3rd quarter worth about $143,000.

About Apollo Senior Floating Rate Fund

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.