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

Apollo Senior Floating Rate Fund Inc. (NYSE:AFTGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 58,700 shares, an increase of 126.6% from the April 30th total of 25,900 shares. Based on an average trading volume of 94,700 shares, the short-interest ratio is presently 0.6 days.

Apollo Senior Floating Rate Fund Stock Performance

Shares of AFT opened at $14.56 on Friday. The company’s 50 day simple moving average is $14.44 and its 200-day simple moving average is $13.92. Apollo Senior Floating Rate Fund has a 12-month low of $12.34 and a 12-month high of $15.14.

Apollo Senior Floating Rate Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 11.54%.

Hedge Funds Weigh In On Apollo Senior Floating Rate Fund

A number of hedge funds have recently modified their holdings of AFT. Anchor Investment Management LLC acquired a new stake in shares of Apollo Senior Floating Rate Fund during the fourth quarter worth $36,000. Nomura Holdings Inc. acquired a new stake in shares of Apollo Senior Floating Rate Fund during the fourth quarter worth $141,000. Raymond James & Associates acquired a new stake in shares of Apollo Senior Floating Rate Fund during the third quarter worth $143,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Apollo Senior Floating Rate Fund by 16.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 14,000 shares of the closed-end fund’s stock worth $186,000 after purchasing an additional 2,000 shares during the period. Finally, Jones Road Capital Management L.P. lifted its holdings in shares of Apollo Senior Floating Rate Fund by 8.1% during the fourth quarter. Jones Road Capital Management L.P. now owns 14,004 shares of the closed-end fund’s stock worth $186,000 after purchasing an additional 1,045 shares during the period.

Apollo Senior Floating Rate Fund Company Profile

(Get Free Report)

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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