Profund Advisors Boosted Bank Amer (BAC) Stake By $7.56 Million; Mackinac Financial (MFNC) Shorts Up By 8.15%

April 18, 2018 - By Marie Mckinney

Bank of America Corporation (NYSE:BAC) Logo

Mackinac Financial Corporation (NASDAQ:MFNC) had an increase of 8.15% in short interest. MFNC’s SI was 110,100 shares in April as released by FINRA. Its up 8.15% from 101,800 shares previously. With 12,300 avg volume, 9 days are for Mackinac Financial Corporation (NASDAQ:MFNC)’s short sellers to cover MFNC’s short positions. The SI to Mackinac Financial Corporation’s float is 1.91%. The stock decreased 1.37% or $0.22 during the last trading session, reaching $15.81. About 2 shares traded. Mackinac Financial Corporation (NASDAQ:MFNC) has risen 21.27% since April 18, 2017 and is uptrending. It has outperformed by 9.72% the S&P500.

Profund Advisors Llc increased Bank Amer Corp (BAC) stake by 72.59% reported in 2017Q4 SEC filing. Profund Advisors Llc acquired 260,572 shares as Bank Amer Corp (BAC)’s stock declined 1.20%. The Profund Advisors Llc holds 619,539 shares with $18.29M value, up from 358,967 last quarter. Bank Amer Corp now has $303.91 billion valuation. The stock decreased 1.05% or $0.315 during the last trading session, reaching $29.725. About 35.17 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 18, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 112 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Tuesday, July 18 with “Buy”. On Friday, August 25 the stock rating was maintained by Robert W. Baird with “Hold”. The firm has “Buy” rating given on Tuesday, July 19 by Citigroup. The rating was maintained by Wood with “Outperform” on Friday, April 7. UBS upgraded Bank of America Corporation (NYSE:BAC) on Wednesday, August 26 to “Neutral” rating. UBS downgraded Bank of America Corporation (NYSE:BAC) rating on Wednesday, January 11. UBS has “Neutral” rating and $23 target. The rating was upgraded by Vetr to “Buy” on Monday, August 24. The rating was downgraded by Guggenheim on Tuesday, November 15 to “Neutral”. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, April 4 by Keefe Bruyette & Woods.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It increased, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Clear Harbor Asset Limited Liability Co holds 12,629 shares or 0.07% of its portfolio. Wealthcare Cap Mngmt Limited Liability Company has 0.01% invested in Bank of America Corporation (NYSE:BAC). Tctc Holdg Limited Com holds 1.02M shares. Advisory Service Network Ltd Limited Liability Company owns 165,689 shares for 0.43% of their portfolio. Baker Boyer Savings Bank holds 8,382 shares or 0.74% of its portfolio. Ftb Advsr owns 0.66% invested in Bank of America Corporation (NYSE:BAC) for 231,738 shares. Albion Financial Grp Ut has 0.1% invested in Bank of America Corporation (NYSE:BAC) for 21,466 shares. Kanawha Capital Management Limited Liability Corporation has invested 0.04% in Bank of America Corporation (NYSE:BAC). Bnp Paribas Arbitrage Sa holds 5.69M shares or 0.29% of its portfolio. Ghp Inv Advsr reported 0.22% in Bank of America Corporation (NYSE:BAC). Spc Incorporated invested in 14,388 shares or 0.1% of the stock. Creative Planning stated it has 0.2% in Bank of America Corporation (NYSE:BAC). 81,200 were accumulated by Arrowstreet Capital Ltd Partnership. Jennison Assoc Lc reported 10.82M shares. Pictet Asset Mngmt Limited has 6.23 million shares for 0.47% of their portfolio.

Profund Advisors Llc decreased Zoetis Inc (NYSE:ZTS) stake by 6,542 shares to 25,320 valued at $1.82 million in 2017Q4. It also reduced Tractor Supply Co (NASDAQ:TSCO) stake by 5,870 shares and now owns 4,316 shares. Boston Properties Inc (NYSE:BXP) was reduced too.

Investors sentiment increased to 4 in Q4 2017. Its up 2.83, from 1.17 in 2017Q3. It improved, as 0 investors sold Mackinac Financial Corporation shares while 2 reduced holdings. 3 funds opened positions while 5 raised stakes. 3.62 million shares or 102.24% more from 1.79 million shares in 2017Q3 were reported. Lsv Asset Mngmt has 12,100 shares for 0% of their portfolio. Deutsche Fincl Bank Ag has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Alpine Woods Capital Invsts Lc holds 11,700 shares. Moreover, Banc Funds Llc has 0.17% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 226,307 shares. Raffles Ltd Partnership reported 86,583 shares stake. Pennsylvania-based Pnc Fin Services Gru Inc has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). The Texas-based Dimensional Fund Advisors L P has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Bridgeway Capital Inc reported 29,200 shares. 1,623 are owned by Blackrock. Commercial Bank Of America Corporation De owns 1,049 shares. Fifth Third Fincl Bank invested 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC). Wellington Mgmt Grp Llp reported 0% stake. Naples Global Advsrs Limited Liability Corporation owns 17,465 shares. Zpr Inv Mgmt invested 0.49% in Mackinac Financial Corporation (NASDAQ:MFNC). Tower Cap Lc (Trc) holds 0% of its portfolio in Mackinac Financial Corporation (NASDAQ:MFNC) for 221 shares.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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