ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Up 48.9% in October

Market Beat
2025.11.02 08:09
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ArrowMark Financial Corp. (NASDAQ:BANX) experienced a 48.9% increase in short interest in October, reaching 27,100 shares as of October 15th, up from 18,200 shares on September 30th. This represents approximately 0.4% of the company's shares. The short-interest ratio is currently 1.5 days based on an average daily volume of 18,000 shares. Additionally, the company announced a special dividend of $0.40, payable on December 10th to shareholders of record on December 3rd, reflecting a yield of 810.0%.

ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 27,100 shares, a growth of 48.9% from the September 30th total of 18,200 shares. Approximately 0.4% of the company's stock are short sold. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the company's stock are short sold.

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Hedge Funds Weigh In On ArrowMark Financial

A number of large investors have recently added to or reduced their stakes in BANX. Round Rock Advisors LLC raised its holdings in ArrowMark Financial by 283.9% in the first quarter. Round Rock Advisors LLC now owns 163,933 shares of the investment management company's stock worth $3,451,000 after purchasing an additional 121,233 shares in the last quarter. Catalina Capital Group LLC raised its holdings in 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 worth $328,000 after purchasing an additional 5,354 shares in the last quarter. Everstar Asset Management LLC raised its holdings in ArrowMark Financial by 68.7% in the second quarter. Everstar Asset Management LLC now owns 40,422 shares of the investment management company's stock worth $846,000 after purchasing an additional 16,457 shares in the last quarter. Marshall Wace LLP bought a new position in ArrowMark Financial in the second quarter worth about $386,000. Finally, Osaic Holdings Inc. raised its holdings in ArrowMark Financial by 26.5% in the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company's stock worth $476,000 after purchasing an additional 4,762 shares in the last quarter. 24.93% of the stock is currently owned by institutional investors.

ArrowMark Financial Stock Performance

Shares of ArrowMark Financial stock opened at $21.16 on Friday. The company has a market capitalization of $150.87 million, a PE ratio of 46.00 and a beta of 0.22. The company has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $20.85. ArrowMark Financial has a one year low of $17.99 and a one year high of $23.67.

ArrowMark Financial Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 3rd will be issued a $0.40 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a yield of 810.0%. ArrowMark Financial's payout ratio is currently 391.30%.

About ArrowMark Financial

(Get Free Report)

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.

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