Advent Convertible and Income Fund (NYSE:AVK) Short Interest Update

Advent Convertible and Income Fund (NYSE:AVK) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 23,898 shares, a decrease of 60.2% from the April 15th total of 60,028 shares. Based on an average daily trading volume, of 129,361 shares, the short-interest ratio is currently 0.2 days.

Advent Convertible and Income Fund Stock Down 0.2%

AVK traded down $0.02 on Thursday, reaching $12.85. 86,233 shares of the company’s stock were exchanged, compared to its average volume of 167,141. The company’s 50 day moving average is $12.11 and its 200-day moving average is $12.45. Advent Convertible and Income Fund has a twelve month low of $10.77 and a twelve month high of $13.10.

Advent Convertible and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.1172 per share. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Advent Convertible and Income Fund

Large investors have recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA acquired a new stake in Advent Convertible and Income Fund in the 4th quarter valued at $34,000. Geneos Wealth Management Inc. increased its holdings in Advent Convertible and Income Fund by 301.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,975 shares of the investment management company’s stock valued at $46,000 after purchasing an additional 2,984 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Advent Convertible and Income Fund in the 3rd quarter valued at $60,000. MeadowBrook Investment Advisors LLC acquired a new stake in Advent Convertible and Income Fund in the 1st quarter valued at $53,000. Finally, Kestra Advisory Services LLC acquired a new stake in Advent Convertible and Income Fund in the 4th quarter valued at $119,000.

Advent Convertible and Income Fund Company Profile

Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.

The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.