Could Advent Claymore Convertible Securities and Income (NYSE:AVK) Skyrocket? The Stock Has Too Many Sellers

April 17, 2018 - By wolcottdaily

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.85, from 0.59 in 2017Q3. It increased, as 4 investors sold Advent Claymore Convertible Securities and Income Fund shares while 14 reduced holdings. 8 funds opened positions while 18 raised stakes. 5.93 million shares or 1.58% less from 6.03 million shares in 2017Q3 were reported.
Saba Lp invested in 0.69% or 555,844 shares. Landscape Cap Lc, New Jersey-based fund reported 37,629 shares. New York-based Laurion Cap L P has invested 0.01% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). The Wisconsin-based Northwestern Mutual Wealth Communication has invested 0% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). Parametric Portfolio Associate Ltd Co holds 0.01% or 795,394 shares in its portfolio. Pnc Svcs Group Incorporated Inc has 0% invested in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) for 1,457 shares. Guggenheim Lc stated it has 160,221 shares. National Bank Of Montreal Can invested in 0% or 1,500 shares. Rmb Mgmt Ltd Liability Corporation has 0.07% invested in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) for 166,821 shares. Robinson Cap Mgmt holds 0.32% of its portfolio in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) for 42,161 shares. Bancshares Of America Corp De has 358,025 shares for 0% of their portfolio. Sei Invests stated it has 116 shares or 0% of all its holdings. Shaker holds 0.51% or 67,829 shares in its portfolio. Inv Advsrs Limited Co has invested 0.02% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). North Star Invest Mgmt Corp owns 0% invested in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) for 1,738 shares.

The stock of Advent Claymore Convertible Securities and Income (NYSE:AVK) registered an increase of 41.98% in short interest. AVK’s total short interest was 18,600 shares in April as published by FINRA. Its up 41.98% from 13,100 shares, reported previously. With 61,000 shares average volume, it will take short sellers 0 days to cover their AVK’s short positions.

The stock increased 0.86% or $0.13 during the last trading session, reaching $15.32. About 28,526 shares traded. Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) has declined 1.50% since April 17, 2017 and is downtrending. It has underperformed by 13.05% the S&P500.

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