Do Institutional Investors Hate Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC)?

Sentiment for Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC)

Ares Dynamic Credit Allocation Fund Inc (NYSE:ARDC) institutional sentiment decreased to 1.15 in Q3 2018. Its down -0.95, from 2.1 in 2018Q2. The ratio worsened, as 23 funds increased and opened new holdings, while 20 sold and reduced their equity positions in Ares Dynamic Credit Allocation Fund Inc. The funds in our partner’s database now have: 6.93 million shares, down from 7.24 million shares in 2018Q2. Also, the number of funds holding Ares Dynamic Credit Allocation Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 12 Increased: 12 New Position: 11.

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The company has market cap of $. The fund is managed by Ares Capital Management II LLC. It currently has negative earnings. It invests in the fixed income markets of Europe.

The stock decreased 0.08% or $0.01 during the last trading session, reaching $14.37. About 47,257 shares traded. Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) has declined 11.48% since January 14, 2018 and is downtrending. It has underperformed by 11.48% the S&P500.

Shaker Financial Services Llc holds 1.13% of its portfolio in Ares Dynamic Credit Allocation Fund, Inc. for 152,259 shares. Robinson Capital Management Llc owns 168,523 shares or 0.78% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.57% invested in the company for 440,703 shares. The Hong Kong-based Nine Masts Capital Ltd has invested 0.42% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 65,154 shares.

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