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

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 243,520 shares, an increase of 1,615.8% from the December 31st total of 14,193 shares. Based on an average daily volume of 77,997 shares, the short-interest ratio is presently 3.1 days. Currently, 3.4% of the shares of the company are sold short. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 77,997 shares, the short-interest ratio is presently 3.1 days.

ArrowMark Financial Stock Performance

BANX stock opened at $21.20 on Wednesday. ArrowMark Financial has a one year low of $17.99 and a one year high of $23.67. The firm’s fifty day moving average is $21.76 and its 200 day moving average is $21.40.

ArrowMark Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 3rd will be given a $0.15 dividend. The ex-dividend date is Tuesday, February 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Investors Weigh In On ArrowMark Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC acquired a new position in shares of ArrowMark Financial during the 3rd quarter worth about $204,000. Private Advisor Group LLC purchased a new stake in ArrowMark Financial during the 3rd quarter worth approximately $205,000. Accurate Wealth Management LLC acquired a new position in shares of ArrowMark Financial during the third quarter valued at approximately $311,000. Catalina Capital Group LLC lifted its position in shares of ArrowMark Financial by 51.9% in the second quarter. Catalina Capital Group LLC now owns 15,678 shares of the investment management company’s stock valued at $328,000 after acquiring an additional 5,354 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of ArrowMark Financial in the second quarter worth approximately $386,000. Institutional investors and hedge funds own 24.93% of the company’s stock.

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.