The stock of Avenue Income Credit Strategies (NYSE:ACP) registered a decrease of 13.02% in short interest. ACP’s total short interest was 14,700 shares in September as published by FINRA. Its down 13.02% from 16,900 shares, reported previously. With 101,000 shares average volume, it will take short sellers 0 days to cover their ACP’s short positions. About 35,029 shares traded hands. Avenue Income Credit Strategies Fund (NYSE:ACP) has risen 26.56% since February 8, 2016 and is uptrending. It has outperformed by 10.07% the S&P500.
Avenue Income Credit Strategies Fund is a non-diversified closed-end management investment company. The company has a market cap of $160.88 million. The Fund’s primary investment objective is to focus on a high level of current income with a secondary objective of capital appreciation. It currently has negative earnings. The Fund focuses on achieving its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements, and derivative instruments) of issuers that operate in various industries and geographic regions.
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