Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) Short Interest Down 40.0% in January

Apollo Senior Floating Rate Fund Inc. (NYSE:AFT) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 65,900 shares, a drop of 40.0% from the January 15th total of 109,900 shares. Based on an average trading volume of 84,400 shares, the short-interest ratio is presently 0.8 days.

Apollo Senior Floating Rate Fund stock opened at $16.11 on Monday. The firm’s 50 day simple moving average is $16.33 and its 200-day simple moving average is $16.06. Apollo Senior Floating Rate Fund has a fifty-two week low of $14.47 and a fifty-two week high of $17.20.

The company also recently announced a monthly dividend, which will be paid on Monday, February 28th. Stockholders of record on Thursday, February 17th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Wednesday, February 16th.

Several institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new position in shares of Apollo Senior Floating Rate Fund in the fourth quarter worth approximately $265,000. Bank of America Corp DE boosted its holdings in shares of Apollo Senior Floating Rate Fund by 34.7% during the fourth quarter. Bank of America Corp DE now owns 172,762 shares of the closed-end fund’s stock worth $2,783,000 after purchasing an additional 44,537 shares during the period. Shaker Financial Services LLC boosted its holdings in shares of Apollo Senior Floating Rate Fund by 167.6% during the fourth quarter. Shaker Financial Services LLC now owns 53,349 shares of the closed-end fund’s stock worth $859,000 after purchasing an additional 33,414 shares during the period. Foresight Wealth Management LLC boosted its holdings in shares of Apollo Senior Floating Rate Fund by 17.4% during the fourth quarter. Foresight Wealth Management LLC now owns 30,422 shares of the closed-end fund’s stock worth $490,000 after purchasing an additional 4,500 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Apollo Senior Floating Rate Fund by 4.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 31,354 shares of the closed-end fund’s stock worth $505,000 after purchasing an additional 1,320 shares during the period.

About Apollo Senior Floating Rate Fund

Apollo Senior Floating Rate Fund, Inc operates as a closed-end investment management company. It seeks to achieve its investment objective by investing primarily in senior, secured loans made to companies whose debt is rated below investment grade, and investments with similar characteristics. The company was founded in 2011 and is headquartered in New York, NY.

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