Advent Convertible and Income Fund (NYSE:AVK) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 54,500 shares, a growth of 125.2% from the March 15th total of 24,200 shares. Based on an average daily volume of 147,800 shares, the short-interest ratio is presently 0.4 days.
Shares of AVK opened at $18.21 on Thursday. Advent Convertible and Income Fund has a 1 year low of $11.13 and a 1 year high of $18.45. The company’s 50-day simple moving average is $17.48 and its 200-day simple moving average is $16.22.
The firm also recently announced a monthly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be issued a $0.1172 dividend. This represents a $1.41 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend is Wednesday, April 14th. This is a positive change from Advent Convertible and Income Fund’s previous monthly dividend of $0.12.
About Advent Convertible and Income Fund
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.
Further Reading: Holder of Record
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