ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Down 19.1% in January

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 19,500 shares, a drop of 19.1% from the January 15th total of 24,100 shares. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is currently 1.0 days.

Insider Buying and Selling at ArrowMark Financial

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the transaction, the director now owns 6,225 shares of the company’s stock, valued at $132,468. This trade represents a 28.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BANX. Round Rock Advisors LLC bought a new stake in shares of ArrowMark Financial in the 4th quarter worth approximately $896,000. Capital Investment Advisors LLC lifted its holdings in shares of ArrowMark Financial by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock worth $740,000 after purchasing an additional 1,496 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of ArrowMark Financial in the 4th quarter worth approximately $58,000. Falcon Wealth Planning lifted its holdings in shares of ArrowMark Financial by 15.3% in the 4th quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company’s stock worth $396,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of ArrowMark Financial by 1,969.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock worth $321,000 after purchasing an additional 14,768 shares during the last quarter. Institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Price Performance

NASDAQ:BANX opened at $21.00 on Monday. The business’s 50 day moving average is $21.01 and its two-hundred day moving average is $20.59. ArrowMark Financial has a 52 week low of $17.91 and a 52 week high of $21.67.

ArrowMark Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 26th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date was Thursday, December 26th.

About ArrowMark Financial

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.