The stock of Advent Claymore CV Securities & IN (NYSE:AVK) registered an increase of 252% in short interest. AVK’s total short interest was 61,600 shares in September as published by FINRA. Its up 252% from 17,500 shares, reported previously. With 96,600 shares average volume, it will take short sellers 1 days to cover their AVK’s short positions. About 51,227 shares traded hands. Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) has risen 24.09% since February 8, 2016 and is uptrending. It has outperformed by 7.60% the S&P500.
Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The company has a market cap of $342.60 million. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. It currently has negative earnings. The Fund focuses on investing in sectors, including technology, healthcare, financial, industrials, telecommunications, materials, energy, utilities, media, consumer staples and transportation.
The institutional sentiment increased to 0.78 in 2016 Q2. Its up 0.01, from 0.77 in 2016Q1. The ratio improved, as 13 funds sold all Advent Claymore Convertible Sec & Inc Fd shares owned while 14 reduced positions. 4 funds bought stakes while 17 increased positions. They now own 7.76 million shares or 1.84% less from 7.90 million shares in 2016Q1.
Saba Capital Management L.P. holds 2.8% of its portfolio in Advent Claymore Convertible Sec & Inc Fd for 2.24 million shares. Windsor Capital Management Llc owns 315,810 shares or 2.57% of their US portfolio. Moreover, Oxbow Advisors Llc has 1.82% invested in the company for 911,570 shares. The New York-based Mariner Investment Group Llc has invested 1.16% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 1.07 million shares.
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