The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Rating) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 52,000 shares, a decrease of 40.3% from the March 15th total of 87,100 shares. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is currently 1.6 days.
NYSE GCV opened at $6.34 on Friday. The company has a 50 day moving average price of $6.14 and a 200 day moving average price of $6.35. The Gabelli Convertible and Income Securities Fund has a 52 week low of $5.62 and a 52 week high of $7.21.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 17th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 16th. This represents a $0.48 annualized dividend and a dividend yield of 7.57%.
The Gabelli Convertible and Income Securities Fund Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on The Gabelli Convertible and Income Securities Fund (GCV)
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