Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 94,800 shares, an increase of 8.5% from the May 31st total of 87,400 shares. Based on an average daily volume of 101,500 shares, the short-interest ratio is presently 0.9 days.
Advent Convertible and Income Fund Stock Down 0.5 %
NYSE AVK traded down $0.06 during trading on Wednesday, reaching $11.85. 85,525 shares of the company’s stock were exchanged, compared to its average volume of 104,942. Advent Convertible and Income Fund has a 1 year low of $9.24 and a 1 year high of $12.22. The company has a 50 day moving average price of $11.90 and a two-hundred day moving average price of $11.74.
Advent Convertible and Income Fund Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $0.1172 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 11.87%. This is a boost from Advent Convertible and Income Fund’s previous monthly dividend of $0.12.
Institutional Trading of Advent Convertible and Income Fund
Advent Convertible and Income Fund Company Profile
Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.
Featured Stories
- Five stocks we like better than Advent Convertible and Income Fund
- What is Insider Trading? What You Can Learn from Insider Trading
- AbbVie Stock: A Perfect Dip for Investors to Buy
- What is the Dogs of the Dow Strategy? Overview and Examples
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- What is the Euro STOXX 50 Index?
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Advent Convertible and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Convertible and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.