Short Interest in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Rises By 100.0%

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 7,200 shares, an increase of 100.0% from the November 15th total of 3,600 shares. Based on an average daily trading volume, of 63,100 shares, the short-interest ratio is currently 0.1 days.

The Gabelli Convertible and Income Securities Fund Stock Up 0.7 %

GCV stock traded up $0.03 during midday trading on Friday, hitting $3.94. The stock had a trading volume of 68,439 shares, compared to its average volume of 50,300. The stock has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $3.78. The Gabelli Convertible and Income Securities Fund has a 52 week low of $3.35 and a 52 week high of $4.34.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a $0.12 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 12.18%.

Institutional Trading of The Gabelli Convertible and Income Securities Fund

Institutional investors have recently bought and sold shares of the stock. M&R Capital Management Inc. boosted its position in The Gabelli Convertible and Income Securities Fund by 316.9% in the third quarter. M&R Capital Management Inc. now owns 7,767 shares of the investment management company’s stock valued at $29,000 after buying an additional 5,904 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of The Gabelli Convertible and Income Securities Fund in the 3rd quarter worth approximately $39,000. Shaker Financial Services LLC bought a new stake in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth approximately $52,000. Hoylecohen LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund during the 2nd quarter valued at $128,000. Finally, World Investment Advisors LLC bought a new position in The Gabelli Convertible and Income Securities Fund in the 3rd quarter valued at $405,000. Institutional investors and hedge funds own 23.40% of the company’s stock.

About The Gabelli Convertible and Income Securities Fund

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.