The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Short Interest Update

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 37,900 shares, an increase of 64.8% from the July 15th total of 23,000 shares. Based on an average daily trading volume, of 40,800 shares, the days-to-cover ratio is currently 0.9 days.

The Gabelli Convertible and Income Securities Fund Trading Down 1.6 %

NYSE GCV traded down $0.06 on Friday, hitting $3.72. 69,436 shares of the stock traded hands, compared to its average volume of 44,317. The stock has a 50-day moving average of $3.66 and a 200 day moving average of $3.64. The Gabelli Convertible and Income Securities Fund has a twelve month low of $3.15 and a twelve month high of $4.17.

Institutional Investors Weigh In On The Gabelli Convertible and Income Securities Fund

Several institutional investors and hedge funds have recently made changes to their positions in GCV. Shaker Financial Services LLC acquired a new position in The Gabelli Convertible and Income Securities Fund in the fourth quarter worth $682,000. Virtu Financial LLC acquired a new position in shares of The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at about $225,000. Wolverine Asset Management LLC grew its position in shares of The Gabelli Convertible and Income Securities Fund by 170.7% during the 4th quarter. Wolverine Asset Management LLC now owns 99,088 shares of the investment management company’s stock valued at $357,000 after buying an additional 62,480 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund during the fourth quarter worth about $183,000. Finally, Hoylecohen LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund during the second quarter worth about $128,000. 23.40% of the stock is owned by institutional investors and hedge funds.

The Gabelli Convertible and Income Securities Fund Company Profile

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.