AINV Crosses Below Key Price/Book Valuation Level

In trading on Monday, shares of Apollo Investment Corporation (AINV) crossed below their last reported book value — defined as common shareholder equity per share — of $8.30, changing hands as low as $8.21 per share. Apollo Investment Corporation shares are currently trading off about 2.4% on the day. The chart below shows the one year performance of AINV shares, versus its 50 and 200 day moving averages:

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Apollo Investment Corporation Moving Averages Chart

Looking at the chart above, AINV's low point in its 52 week range is $7.28 per share, with $9.09 as the 52 week high point — that compares with a last trade of $8.22.

According to the ETF Finder at ETF Channel, AINV makes up 5.28% of the BDC Income ETF ( BIZD) which is trading lower by about 1.9% on the day Monday.

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