Short Interest in Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) Decreases By 73.7%

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,196 shares, a drop of 73.7% from the April 30th total of 27,412 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 74,255 shares, the days-to-cover ratio is presently 0.1 days.

Gabelli Convertible & Income Securities Fund Stock Performance

GCV stock traded up $0.03 during trading hours on Friday, reaching $4.67. The stock had a trading volume of 94,106 shares, compared to its average volume of 76,536. The stock has a 50-day simple moving average of $4.46 and a 200 day simple moving average of $4.36. Gabelli Convertible & Income Securities Fund has a fifty-two week low of $3.63 and a fifty-two week high of $4.71.

Gabelli Convertible & Income Securities Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid a $0.12 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.48 dividend on an annualized basis and a yield of 10.3%.

Institutional Trading of Gabelli Convertible & Income Securities Fund

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in Gabelli Convertible & Income Securities Fund by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 56,831 shares of the investment management company’s stock valued at $236,000 after acquiring an additional 2,252 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Gabelli Convertible & Income Securities Fund by 59.2% in the fourth quarter. Kestra Advisory Services LLC now owns 57,251 shares of the investment management company’s stock valued at $238,000 after acquiring an additional 21,290 shares during the last quarter. Integrity Advisory Solutions LLC acquired a new stake in Gabelli Convertible & Income Securities Fund in the fourth quarter valued at $48,000. PFG Advisors lifted its stake in Gabelli Convertible & Income Securities Fund by 2.9% in the fourth quarter. PFG Advisors now owns 142,900 shares of the investment management company’s stock valued at $593,000 after acquiring an additional 4,059 shares during the last quarter. Finally, PMG Family Office LLC acquired a new stake in Gabelli Convertible & Income Securities Fund in the third quarter valued at $57,000. Institutional investors and hedge funds own 23.40% of the company’s stock.

About Gabelli Convertible & Income Securities Fund

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in convertible securities and other fixed-income instruments. The fund’s portfolio typically includes convertible corporate bonds, preferred stocks, and equities of companies that offer the potential for both income generation and price appreciation through embedded option features.

The fund pursues a strategy that combines credit analysis with equity valuation to identify convertible securities that offer attractive yields relative to their risk profiles.