Short Interest in Apollo Tactical Income Fund Inc. (NYSE:AIF) Declines By 8.7%

Apollo Tactical Income Fund Inc. (NYSE:AIFGet Rating) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 21,000 shares, a drop of 8.7% from the October 15th total of 23,000 shares. Based on an average daily trading volume, of 48,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in Apollo Tactical Income Fund by 26.7% during the first quarter. Envestnet Asset Management Inc. now owns 29,084 shares of the company’s stock worth $418,000 after acquiring an additional 6,134 shares during the period. Wolverine Asset Management LLC acquired a new stake in Apollo Tactical Income Fund during the first quarter worth about $53,000. Northwestern Mutual Wealth Management Co. grew its holdings in Apollo Tactical Income Fund by 92.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 194,286 shares of the company’s stock worth $2,790,000 after acquiring an additional 93,318 shares during the period. Hightower 6M Holding LLC acquired a new stake in Apollo Tactical Income Fund during the first quarter worth about $286,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Apollo Tactical Income Fund during the first quarter worth about $183,000.

Apollo Tactical Income Fund Trading Down 1.4 %

Apollo Tactical Income Fund stock opened at $12.27 on Friday. Apollo Tactical Income Fund has a one year low of $11.74 and a one year high of $15.96. The stock has a 50-day moving average of $12.19 and a two-hundred day moving average of $12.59.

Apollo Tactical Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be paid a $0.115 dividend. This represents a $1.38 annualized dividend and a dividend yield of 11.25%. The ex-dividend date is Friday, November 18th.

About Apollo Tactical Income Fund

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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.

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