Walleye Capital LLC Takes $455,000 Position in Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC)

Walleye Capital LLC bought a new stake in Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDCGet Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,529 shares of the company’s stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARDC. Bank of America Corp DE lifted its stake in shares of Ares Dynamic Credit Allocation Fund by 1.4% in the 4th quarter. Bank of America Corp DE now owns 124,837 shares of the company’s stock valued at $2,038,000 after purchasing an additional 1,709 shares during the period. Qube Research & Technologies Ltd purchased a new position in Ares Dynamic Credit Allocation Fund during the fourth quarter valued at $346,000. Guggenheim Capital LLC raised its stake in Ares Dynamic Credit Allocation Fund by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 1,391,060 shares of the company’s stock valued at $22,716,000 after buying an additional 116,453 shares during the last quarter. Bluefin Capital Management LLC purchased a new position in Ares Dynamic Credit Allocation Fund during the fourth quarter valued at $588,000. Finally, Miracle Mile Advisors LLC raised its stake in Ares Dynamic Credit Allocation Fund by 40.0% during the first quarter. Miracle Mile Advisors LLC now owns 35,000 shares of the company’s stock valued at $505,000 after buying an additional 10,000 shares during the last quarter.

Ares Dynamic Credit Allocation Fund Trading Down 1.1 %

Shares of NYSE:ARDC opened at $12.20 on Friday. The stock has a fifty day simple moving average of $12.85 and a two-hundred day simple moving average of $13.21. Ares Dynamic Credit Allocation Fund, Inc. has a 12-month low of $11.79 and a 12-month high of $16.60.

Ares Dynamic Credit Allocation Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a yield of 10.08%. The ex-dividend date of this dividend is Friday, September 16th.

Ares Dynamic Credit Allocation Fund Profile

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Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments.

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Institutional Ownership by Quarter for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)

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