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

ArrowMark Financial Corp. (NASDAQ:BANX) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 46,836 shares, a decline of 90.4% from the February 12th total of 490,077 shares. Based on an average trading volume of 85,537 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 85,537 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its stake in shares of ArrowMark Financial by 0.8% in the third quarter. Raymond James Financial Inc. now owns 179,070 shares of the investment management company’s stock valued at $3,925,000 after purchasing an additional 1,414 shares during the period. Everstar Asset Management LLC boosted its position in shares of ArrowMark Financial by 4.5% in the fourth quarter. Everstar Asset Management LLC now owns 46,192 shares of the investment management company’s stock worth $1,000,000 after buying an additional 2,004 shares during the period. Stifel Financial Corp raised its holdings in ArrowMark Financial by 1.5% in the fourth quarter. Stifel Financial Corp now owns 155,804 shares of the investment management company’s stock valued at $3,400,000 after acquiring an additional 2,281 shares in the last quarter. Noble Wealth Management PBC lifted its stake in ArrowMark Financial by 3.9% during the fourth quarter. Noble Wealth Management PBC now owns 80,711 shares of the investment management company’s stock worth $1,761,000 after purchasing an additional 3,032 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of ArrowMark Financial by 26.5% during the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock valued at $476,000 after acquiring an additional 4,762 shares during the period. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Stock Up 1.9%

Shares of ArrowMark Financial stock traded up $0.35 on Tuesday, reaching $19.26. The company’s stock had a trading volume of 70,151 shares, compared to its average volume of 70,632. The stock has a 50-day moving average price of $20.72 and a 200-day moving average price of $21.28. ArrowMark Financial has a 52-week low of $17.99 and a 52-week high of $23.67.

ArrowMark Financial Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 3rd were paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Tuesday, February 3rd.

About ArrowMark Financial

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.