Apollo Investment Corporation (AINV) : Traders are negative on Apollo Investment Corporation (AINV), as it has 1.6% of short positions outstanding compared to its float. The total shorts have reduced by -7,489 shares, which is a -0.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,3,486,682 to 3,479,193 shares. While the daily trading volume of the stock is 1,422,806, there are 2 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Apollo Investment Corporation (NASDAQ:AINV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.08 and $6.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.14, notching a gain of 0.99% for the day. The total traded volume was 826,620 . The stock had closed at $6.08 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (President) of Apollo Investment Corp, Widra Howard had purchased shares worth of $30,100 in a transaction dated on August 17, 2016. A total of 5,000 shares were purchased at a price of $6.02 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Apollo Investment Corporation (Apollo Investment) is a closed-end, externally managed, non-diversified management investment company. The Companys investment objective is to generate current income and capital appreciation. The Company invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and structured products, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). It invests in middle-market, which include companies with annual revenues between $50 million and $2 billion. It may also invest a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. is the Companys investment adviser.