Short Interest in Apollo Tactical Income Fund Inc. (NYSE:AIF) Increases By 91.8%

Apollo Tactical Income Fund Inc. (NYSE:AIF) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 39,700 shares, a growth of 91.8% from the March 31st total of 20,700 shares. Based on an average trading volume of 142,500 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In other news, Director Barry J. Cohen sold 7,882 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $15.10, for a total transaction of $119,018.20. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $90,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Apollo Tactical Income Fund

Large investors have recently bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new stake in Apollo Tactical Income Fund in the 4th quarter worth about $219,000. Advisor Partners II LLC bought a new stake in shares of Apollo Tactical Income Fund during the 3rd quarter valued at about $3,961,000. Nottingham Advisors Inc. grew its stake in shares of Apollo Tactical Income Fund by 19.4% during the 3rd quarter. Nottingham Advisors Inc. now owns 15,708 shares of the company’s stock valued at $210,000 after purchasing an additional 2,549 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of Apollo Tactical Income Fund during the 3rd quarter valued at about $35,000. Finally, Clough Capital Partners L P bought a new stake in shares of Apollo Tactical Income Fund during the 3rd quarter valued at about $210,000.

Apollo Tactical Income Fund Price Performance

Shares of NYSE:AIF traded up $0.22 on Friday, hitting $14.22. 65,972 shares of the company traded hands, compared to its average volume of 139,080. Apollo Tactical Income Fund has a 52 week low of $11.95 and a 52 week high of $15.45. The stock has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $13.95.

Apollo Tactical Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a $0.144 dividend. This represents a $1.73 annualized dividend and a yield of 12.15%. This is an increase from Apollo Tactical Income Fund’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, April 22nd.

About Apollo Tactical Income Fund

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.