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

Advent Convertible and Income Fund (NYSE:AVK) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 53,114 shares, a drop of 84.1% from the January 15th total of 333,939 shares. Based on an average daily volume of 211,162 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 211,162 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Advent Convertible and Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Koshinski Asset Management Inc. lifted its stake in Advent Convertible and Income Fund by 4.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 465,158 shares of the investment management company’s stock worth $5,833,000 after purchasing an additional 19,345 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Advent Convertible and Income Fund by 3.5% in the 4th quarter. International Assets Investment Management LLC now owns 47,636 shares of the investment management company’s stock valued at $597,000 after buying an additional 1,600 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Advent Convertible and Income Fund by 17.5% in the 4th quarter. Benjamin Edwards Inc. now owns 19,093 shares of the investment management company’s stock valued at $239,000 after buying an additional 2,850 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in Advent Convertible and Income Fund during the 4th quarter worth about $34,000. Finally, Sanctuary Advisors LLC lifted its stake in Advent Convertible and Income Fund by 16.2% during the 4th quarter. Sanctuary Advisors LLC now owns 67,293 shares of the investment management company’s stock worth $844,000 after acquiring an additional 9,389 shares in the last quarter.

Advent Convertible and Income Fund Trading Down 0.2%

NYSE AVK traded down $0.02 during trading hours on Wednesday, reaching $12.75. The company had a trading volume of 30,256 shares, compared to its average volume of 190,667. The stock has a 50-day moving average of $12.65 and a 200 day moving average of $12.60. Advent Convertible and Income Fund has a 1-year low of $9.75 and a 1-year high of $13.10.

Advent Convertible and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.1172 dividend. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Friday, February 13th.

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.