Apollo Tactical Income Fund Inc. (NYSE:AIF) Short Interest Update

Apollo Tactical Income Fund Inc. (NYSE:AIF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 85,900 shares, an increase of 50.2% from the May 31st total of 57,200 shares. Based on an average trading volume of 103,100 shares, the short-interest ratio is presently 0.8 days.

Apollo Tactical Income Fund Stock Up 0.3 %

NYSE:AIF opened at $14.64 on Monday. The stock has a 50 day moving average of $14.60 and a 200-day moving average of $14.50. Apollo Tactical Income Fund has a 52 week low of $12.49 and a 52 week high of $15.45.

Apollo Tactical Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were paid a dividend of $0.144 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $1.73 dividend on an annualized basis and a yield of 11.80%.

Institutional Investors Weigh In On Apollo Tactical Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. acquired a new stake in shares of Apollo Tactical Income Fund in the 4th quarter worth about $143,000. Hartline Investment Corp acquired a new stake in shares of Apollo Tactical Income Fund in the first quarter valued at approximately $193,000. Redmont Wealth Advisors LLC bought a new stake in shares of Apollo Tactical Income Fund during the fourth quarter valued at approximately $219,000. Ausdal Financial Partners Inc. acquired a new position in shares of Apollo Tactical Income Fund during the fourth quarter worth approximately $226,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in Apollo Tactical Income Fund in the 4th quarter worth approximately $236,000.

Apollo Tactical Income Fund Company Profile

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.