Advent Convertible and Income Fund (NYSE:AVK) Sees Significant Decline in Short Interest

Posted by Geri Gentry on May 16th, 2026

Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 23,898 shares, a decrease of 60.2% from the April 15th total of 60,028 shares. Based on an average daily volume of 129,361 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Advent Convertible and Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. FCA Corp TX increased its stake in Advent Convertible and Income Fund by 3.4% in the first quarter. FCA Corp TX now owns 239,080 shares of the investment management company’s stock valued at $2,668,000 after purchasing an additional 7,855 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Advent Convertible and Income Fund in the first quarter valued at approximately $139,000. Fifth Third Bancorp acquired a new stake in shares of Advent Convertible and Income Fund in the first quarter valued at approximately $211,000. Kestra Advisory Services LLC boosted its holdings in shares of Advent Convertible and Income Fund by 178.5% in the first quarter. Kestra Advisory Services LLC now owns 26,431 shares of the investment management company’s stock valued at $295,000 after acquiring an additional 16,940 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Advent Convertible and Income Fund by 1.6% in the first quarter. Koshinski Asset Management Inc. now owns 472,817 shares of the investment management company’s stock valued at $5,277,000 after acquiring an additional 7,659 shares during the period.

Advent Convertible and Income Fund Stock Performance

Advent Convertible and Income Fund stock traded down $0.40 during mid-day trading on Friday, hitting $12.50. The company had a trading volume of 76,596 shares, compared to its average volume of 167,153. Advent Convertible and Income Fund has a 1 year low of $10.77 and a 1 year high of $13.10. The business has a fifty day moving average of $12.12 and a 200 day moving average of $12.45.

Advent Convertible and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.1172 dividend. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Friday, May 15th.

About Advent Convertible and Income Fund

(Get Free Report)

Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.

The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.