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

Key Points

• Short interest plunged 78.1% in March to 10,256 shares (from 46,836), equal to about 0.1% of shares and a short-interest ratio of 0.2 days based on average daily volume of 60,671.
• Monthly dividend announced: ArrowMark declared a $0.15 per share dividend payable March 31 (ex‑dividend and record date March 23), implying a 9.4% annualized yield.
• Institutional ownership ~24.9%: Several institutions recently opened or increased positions (e.g., Belpointe, Private Advisor Group, Accurate Wealth, Marshall Wace, Osaic Holdings), and institutions now hold 24.93% of the stock.

ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,256 shares, a drop of 78.1% from the February 26th total of 46,836 shares. Based on an average daily volume of 60,671 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 60,671 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On ArrowMark Financial

Several institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new position in ArrowMark Financial in the third quarter worth $204,000. Private Advisor Group LLC acquired a new stake in shares of ArrowMark Financial in the third quarter valued at $205,000. Accurate Wealth Management LLC bought a new position in shares of ArrowMark Financial in the third quarter valued at about $311,000. Marshall Wace LLP bought a new position in shares of ArrowMark Financial in the second quarter valued at about $386,000. Finally, Osaic Holdings Inc. lifted its position in ArrowMark Financial by 26.5% during the 2nd quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company's stock worth $476,000 after buying an additional 4,762 shares in the last quarter. Institutional investors own 24.93% of the company's stock.

ArrowMark Financial Stock Performance

NASDAQ:BANX opened at $19.06 on Wednesday. ArrowMark Financial has a 12 month low of $17.99 and a 12 month high of $23.67. The company's 50-day moving average price is $20.12 and its two-hundred day moving average price is $21.16.

ArrowMark Financial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 9.4%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.