The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 13,200 shares, a growth of 131.6% from the December 31st total of 5,700 shares. Based on an average daily trading volume, of 52,700 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of The Gabelli Convertible and Income Securities Fund
Large investors have recently bought and sold shares of the business. M&R Capital Management Inc. boosted its holdings in shares of The Gabelli Convertible and Income Securities Fund by 316.9% in the third quarter. M&R Capital Management Inc. now owns 7,767 shares of the investment management company's stock valued at $29,000 after buying an additional 5,904 shares during the period. Wolverine Asset Management LLC acquired a new position in The Gabelli Convertible and Income Securities Fund in the 3rd quarter worth $39,000. Shaker Financial Services LLC bought a new position in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth about $52,000. Janney Montgomery Scott LLC acquired a new stake in shares of The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at about $178,000. Finally, World Investment Advisors LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund in the third quarter valued at about $405,000. 23.40% of the stock is owned by institutional investors.
The Gabelli Convertible and Income Securities Fund Price Performance
The Gabelli Convertible and Income Securities Fund stock traded down $0.02 during mid-day trading on Wednesday, hitting $3.87. The stock had a trading volume of 8,179 shares, compared to its average volume of 35,177. The Gabelli Convertible and Income Securities Fund has a 12 month low of $3.35 and a 12 month high of $4.34. The stock has a 50-day simple moving average of $3.90 and a two-hundred day simple moving average of $3.83.
The Gabelli Convertible and Income Securities Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 12.40%. The ex-dividend date was Friday, December 13th.
About The Gabelli Convertible and Income Securities Fund
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider The Gabelli Convertible and Income Securities Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Gabelli Convertible and Income Securities Fund wasn't on the list.
While The Gabelli Convertible and Income Securities Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
