Short Interest in Apollo Tactical Income Fund Inc. (NYSE:AIF) Increases By 91.8%

Apollo Tactical Income Fund Inc. (NYSE:AIF) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 39,700 shares, an increase of 91.8% from the March 31st total of 20,700 shares. Based on an average daily trading volume, of 142,500 shares, the days-to-cover ratio is presently 0.3 days.

Insider Buying and Selling at Apollo Tactical Income Fund

In other Apollo Tactical Income Fund news, Director Barry J. Cohen sold 7,882 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $15.10, for a total value of $119,018.20. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $90,600. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Advisor Partners II LLC acquired a new stake in Apollo Tactical Income Fund during the third quarter worth about $3,961,000. Foundations Investment Advisors LLC grew its holdings in Apollo Tactical Income Fund by 10.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 252,181 shares of the company’s stock worth $3,636,000 after acquiring an additional 22,874 shares during the period. Citizens Business Bank grew its holdings in Apollo Tactical Income Fund by 190.9% during the first quarter. Citizens Business Bank now owns 80,000 shares of the company’s stock worth $1,144,000 after acquiring an additional 52,500 shares during the period. Stephens Inc. AR grew its holdings in Apollo Tactical Income Fund by 23.9% during the fourth quarter. Stephens Inc. AR now owns 51,900 shares of the company’s stock worth $725,000 after acquiring an additional 10,000 shares during the period. Finally, Nottingham Advisors Inc. grew its holdings in Apollo Tactical Income Fund by 73.2% during the fourth quarter. Nottingham Advisors Inc. now owns 27,208 shares of the company’s stock worth $380,000 after acquiring an additional 11,500 shares during the period.

Apollo Tactical Income Fund Stock Up 1.6 %

Shares of AIF stock traded up $0.22 during mid-day trading on Friday, reaching $14.22. The stock had a trading volume of 65,972 shares, compared to its average volume of 139,080. The business’s fifty day moving average is $14.59 and its 200-day moving average is $13.95. Apollo Tactical Income Fund has a 1-year low of $11.95 and a 1-year high of $15.45.

Apollo Tactical Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.144 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change from Apollo Tactical Income Fund’s previous monthly dividend of $0.14. This represents a $1.73 dividend on an annualized basis and a dividend yield of 12.15%.

Apollo Tactical Income Fund Company Profile

Apollo Tactical Income Fund Inc is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade.