November 16, 2016 - By Darrin Black · 0 Comments
Apollo Tactical Income Fund Inc (NYSE:AIF) institutional sentiment decreased to 0.5 in 2016 Q2. Its down -0.09, from 0.59 in 2016Q1. The ratio dived, as 9 hedge funds increased or started new stock positions, while 18 reduced and sold equity positions in Apollo Tactical Income Fund Inc. The hedge funds in our partner’s database now have: 4.29 million shares, down from 5.05 million shares in 2016Q1. Also, the number of hedge funds holding Apollo Tactical Income Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 14 Increased: 6 New Position: 3.
Apollo Tactical Income Fund Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $215.08 million. The Fund’s primary investment objective is to seek current income with a secondary objective of preservation of capital. It currently has negative earnings. The Fund invests approximately 80% of its assets in credit instruments, such as senior loans, subordinated loans, high yield corporate bonds, notes, bills, debentures, distressed securities, mezzanine securities, structured products, bank loans, corporate loans, convertible and preferred securities, government and municipal obligations, mortgage-backed securities, repurchase agreements and other fixed-income instruments, and investments.
About 36,188 shares traded hands. Apollo Tactical Income Fund Inc (NYSE:AIF) has risen 6.44% since April 14, 2016 and is uptrending. It has outperformed by 1.76% the S&P500.
Shaker Financial Services Llc holds 2.13% of its portfolio in Apollo Tactical Income Fund Inc for 212,912 shares. Mariner Investment Group Llc owns 92,200 shares or 0.45% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.39% invested in the company for 418,049 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 0.39% in the stock. Saba Capital Management L.P., a New York-based fund reported 196,552 shares.#img1#
More notable recent Apollo Tactical Income Fund Inc (NYSE:AIF) news were published by: Seekingalpha.com which released: “Here’s A High-Yielding (9.4%) CEF Buffered Against Interest Rate Moves” on September 21, 2016, also Seekingalpha.com with their article: “In Search Of Income: High-Yield Bond CEFs (Part II)” published on December 19, 2014, Seekingalpha.com published: “In Search Of Income: High-Yield Bond CEFs (Part I)” on December 17, 2014. More interesting news about Apollo Tactical Income Fund Inc (NYSE:AIF) were released by: Realmoney.Thestreet.com and their article: “4 Bond Funds to Buy if the Fed Stands Pat” published on June 14, 2016 as well as Realmoney.Thestreet.com‘s news article titled: “How to Play Publicly Traded Private Equity Funds” with publication date: July 25, 2016.
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By Darrin Black