Advent Convertible and Income Fund (NYSE:AVK) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 23,000 shares, a decline of 68.6% from the August 15th total of 73,300 shares. Based on an average daily volume of 89,300 shares, the days-to-cover ratio is currently 0.3 days.
Shares of NYSE:AVK traded down $0.03 during trading on Friday, reaching $19.05. 46,771 shares of the company traded hands, compared to its average volume of 119,141. Advent Convertible and Income Fund has a 52 week low of $13.22 and a 52 week high of $19.91. The company’s 50 day moving average is $19.17 and its two-hundred day moving average is $18.67.
The business also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a $0.117 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $1.40 annualized dividend and a dividend yield of 7.37%.
Advent Convertible and Income Fund Company Profile
Advent Convertible & Income Fund operates as a closed-end investment fund. It focuses on convertible securities and non-convertible income securities. The company was founded on February 19, 2003 and is headquartered in New York, NY.
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