Short Interest in ArrowMark Financial Corp. (NASDAQ:BANX) Rises By 62.6%

ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 31,700 shares, a growth of 62.6% from the January 31st total of 19,500 shares. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 1.8 days.

Insider Buying and Selling at ArrowMark Financial

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the business's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $21.28, for a total transaction of $53,200.00. Following the sale, the director now owns 6,225 shares of the company's stock, valued at $132,468. The trade was a 28.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.53% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BANX. Trust Co. of Vermont bought a new position in shares of ArrowMark Financial in the fourth quarter worth $58,000. Catalina Capital Group LLC bought a new position in ArrowMark Financial in the third quarter valued at $213,000. Millennium Management LLC bought a new position in ArrowMark Financial in the fourth quarter valued at $220,000. Principal Street Partners LLC bought a new position in ArrowMark Financial in the fourth quarter valued at $261,000. Finally, Falcon Wealth Planning increased its stake in ArrowMark Financial by 14.4% in the third quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company's stock valued at $339,000 after acquiring an additional 2,054 shares during the last quarter. Institutional investors own 24.93% of the company's stock.

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ArrowMark Financial Trading Down 0.2 %

Shares of ArrowMark Financial stock traded down $0.05 during trading on Wednesday, hitting $21.05. The stock had a trading volume of 13,025 shares, compared to its average volume of 19,708. ArrowMark Financial has a 12 month low of $17.91 and a 12 month high of $21.67. The business's 50-day moving average is $21.04 and its 200 day moving average is $20.74.

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.