The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 29,200 shares, a growth of 74.9% from the May 31st total of 16,700 shares. Based on an average daily trading volume, of 39,400 shares, the days-to-cover ratio is presently 0.7 days.
The Gabelli Convertible and Income Securities Fund Stock Performance
Shares of GCV traded up $0.04 on Friday, hitting $3.66. 55,299 shares of the stock traded hands, compared to its average volume of 47,800. The Gabelli Convertible and Income Securities Fund has a 1 year low of $3.15 and a 1 year high of $4.49. The stock’s 50 day moving average is $3.61 and its two-hundred day moving average is $3.62.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, June 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 13.11%. The ex-dividend date was Thursday, June 13th.
Institutional Inflows and Outflows
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.
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