Allianzgi Convertible & Income Fund (NCV) Sees Significant Decrease in Short Interest
Allianzgi Convertible & Income Fund (NYSE:NCV) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 286,800 shares, a decrease of 49.4% from the August 31st total of 566,640 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 421,914 shares, the days-to-cover ratio is currently 0.7 days.
Allianzgi Convertible & Income Fund (NYSE:NCV) opened at 6.79 on Friday. Allianzgi Convertible & Income Fund has a 12-month low of $4.41 and a 12-month high of $6.87. The firm’s 50-day moving average is $6.68 and its 200 day moving average is $6.20.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Thursday, October 13th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 11.49%. The ex-dividend date is Tuesday, October 11th.
About Allianzgi Convertible & Income Fund
AllianzGI Convertible & Income Fund is a closed-end fund. The Fund investment objective is to provide total return through a combination of capital appreciation and high current income. The Funds attempt to achieve this objective by investing in a portfolio of convertible securities and non-convertible income-producing securities.
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