ArrowMark Financial Corp. (NASDAQ:BANX) Shares Shorted: Short Interest Down 61.0% in September

Posted by Stanley Muller on Oct 14th, 2026

ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 27,590 shares, a drop of 61.0% from the September 15th total of 70,761 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 48,124 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On ArrowMark Financial

Hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC raised its holdings in ArrowMark Financial by 15.5% during the third quarter. Noble Wealth Management PBC now owns 123,765 shares of the investment management company’s stock worth $2,458,000 after purchasing an additional 16,568 shares during the last quarter. Almitas Capital LLC purchased a new stake in ArrowMark Financial during the second quarter worth $994,000. Everstar Asset Management LLC grew its holdings in ArrowMark Financial by 2.5% in the first quarter. Everstar Asset Management LLC now owns 47,345 shares of the investment management company’s stock valued at $902,000 after purchasing an additional 1,153 shares during the last quarter. Private Advisor Group LLC grew its holdings in ArrowMark Financial by 11.4% in the first quarter. Private Advisor Group LLC now owns 12,268 shares of the investment management company’s stock valued at $234,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of ArrowMark Financial in the second quarter valued at $177,000. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Stock Down 0.8%

BANX stock traded down $0.15 during trading on Wednesday, reaching $19.93. 11,125 shares of the company were exchanged, compared to its average volume of 45,175. The stock’s 50 day moving average price is $20.55 and its 200 day moving average price is $19.98. ArrowMark Financial has a 52-week low of $18.45 and a 52-week high of $22.50.

ArrowMark Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.80 annualized dividend and a dividend yield of 9.0%.

About ArrowMark Financial

(Get Free Report)

ArrowMark Financial Corp. (NASDAQ: BANX) is a closed-end investment company that has elected to be regulated as a business development company. The company seeks to generate income and, to a lesser extent, capital appreciation by investing in the financial services sector.

ArrowMark Financial primarily invests in debt and equity securities issued by financial institutions, specialty finance companies and other businesses connected to the financial services industry. Its investment activities may include providing capital to banks, insurance companies, asset managers, mortgage-related businesses and other specialty finance firms through a range of privately negotiated and publicly traded securities.

The company was formerly known as StoneCastle Financial Corp.