Arrow Reserve Capital Management ETF (BATS:ARCM – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 75 shares, a drop of 60.9% from the September 30th total of 192 shares. Based on an average daily trading volume, of 664 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Arrow Reserve Capital Management ETF Trading Up 0.0%
BATS:ARCM opened at $100.23 on Friday. Arrow Reserve Capital Management ETF has a one year low of $99.34 and a one year high of $101.26. The firm’s 50 day simple moving average is $100.11 and its 200 day simple moving average is $100.21.
Arrow Reserve Capital Management ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, October 5th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.3049 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from Arrow Reserve Capital Management ETF’s previous monthly dividend of $0.2729. This represents a $3.66 annualized dividend and a dividend yield of 3.7%.
Hedge Funds Weigh In On Arrow Reserve Capital Management ETF
A hedge fund recently bought a new position in Arrow Reserve Capital Management ETF stock. Compound Planning Inc. acquired a new position in Arrow Reserve Capital Management ETF (BATS:ARCM – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,662 shares of the company’s stock, valued at approximately $366,000. Compound Planning Inc. owned about 0.80% of Arrow Reserve Capital Management ETF as of its most recent SEC filing.
About Arrow Reserve Capital Management ETF
The Arrow Reserve Capital Management ETF (ARCM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to preserve capital and maximize income potential by investing in investment-grade, short-term debt securities. ARCM was launched on Mar 31, 2017 and is managed by ArrowShares.
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