AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) Short Interest Update

AllianzGI Diversified Income & Convertible Fund (NYSE:ACVGet Rating) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 10,000 shares, a drop of 33.3% from the March 31st total of 15,000 shares. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is currently 0.3 days.

ACV opened at $23.30 on Friday. AllianzGI Diversified Income & Convertible Fund has a 1-year low of $22.86 and a 1-year high of $37.59. The company has a fifty day moving average price of $24.84 and a two-hundred day moving average price of $29.96.

The business also recently declared a dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Thursday, May 12th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, May 11th.

A number of institutional investors and hedge funds have recently bought and sold shares of ACV. Commonwealth Equity Services LLC bought a new stake in AllianzGI Diversified Income & Convertible Fund in the third quarter valued at $201,000. Janney Montgomery Scott LLC increased its stake in AllianzGI Diversified Income & Convertible Fund by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 13,613 shares of the consumer goods maker’s stock valued at $461,000 after purchasing an additional 300 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in AllianzGI Diversified Income & Convertible Fund by 167.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 30,311 shares of the consumer goods maker’s stock valued at $1,027,000 after purchasing an additional 18,967 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of AllianzGI Diversified Income & Convertible Fund by 2.0% during the third quarter. Advisor Group Holdings Inc. now owns 18,778 shares of the consumer goods maker’s stock worth $637,000 after acquiring an additional 361 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of AllianzGI Diversified Income & Convertible Fund by 21.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 18,593 shares of the consumer goods maker’s stock worth $630,000 after acquiring an additional 3,317 shares in the last quarter.

About AllianzGI Diversified Income & Convertible Fund (Get Rating)

AllianzGI Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.

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