Apollo Senior Floating Rate Fund Inc (NYSE:AFT) Short Interest Update

Apollo Senior Floating Rate Fund Inc (NYSE:AFT) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totalling 5,600 shares, a drop of 57.9% from the February 27th total of 13,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 70,100 shares, the days-to-cover ratio is presently 0.1 days.

A number of institutional investors and hedge funds have recently bought and sold shares of AFT. First Trust Advisors LP increased its position in Apollo Senior Floating Rate Fund by 24.5% in the 1st quarter. First Trust Advisors LP now owns 13,460 shares of the closed-end fund’s stock valued at $200,000 after acquiring an additional 2,651 shares during the period. OTA Financial Group L.P. acquired a new stake in Apollo Senior Floating Rate Fund in the 4th quarter valued at approximately $257,000. Independent Advisor Alliance acquired a new stake in Apollo Senior Floating Rate Fund in the 4th quarter valued at approximately $278,000. Capital Investment Advisors LLC increased its position in shares of Apollo Senior Floating Rate Fund by 39.5% during the 4th quarter. Capital Investment Advisors LLC now owns 24,802 shares of the closed-end fund’s stock valued at $376,000 after purchasing an additional 7,026 shares during the period. Finally, 6 Meridian increased its position in shares of Apollo Senior Floating Rate Fund by 9.5% during the 4th quarter. 6 Meridian now owns 25,629 shares of the closed-end fund’s stock valued at $388,000 after purchasing an additional 2,233 shares during the period.

AFT traded up $0.02 during trading hours on Thursday, hitting $11.27. The company’s stock had a trading volume of 110,538 shares, compared to its average volume of 90,373. Apollo Senior Floating Rate Fund has a fifty-two week low of $8.01 and a fifty-two week high of $15.63. The company has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $14.65.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a $0.093 dividend. This represents a $1.12 annualized dividend and a yield of 9.90%. The ex-dividend date is Tuesday, March 17th.

Apollo Senior Floating Rate Fund Company Profile

Apollo Senior Floating Rate Fund Inc is a closed ended fixed income mutual fund launched and managed by Apollo Credit Management, LLC. The Fund invests in fixed income markets. It primarily invests in senior secured loans made to companies whose debt is rated below investment grade. The Fund employs a conservative approach to credit selection that focuses on collateral coverage, structural seniority, and credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams.

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