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

AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 4,500 shares, a decline of 87.8% from the September 15th total of 36,900 shares. Based on an average daily trading volume, of 28,600 shares, the days-to-cover ratio is currently 0.2 days.

Several institutional investors and hedge funds have recently bought and sold shares of ACV. Wolverine Asset Management LLC purchased a new stake in AllianzGI Diversified Income & Convertible Fund during the 1st quarter valued at about $2,375,000. Stifel Financial Corp boosted its stake in shares of AllianzGI Diversified Income & Convertible Fund by 29.7% in the 1st quarter. Stifel Financial Corp now owns 52,701 shares of the consumer goods maker’s stock worth $1,656,000 after buying an additional 12,077 shares during the last quarter. Clearstead Advisors LLC purchased a new position in shares of AllianzGI Diversified Income & Convertible Fund in the 1st quarter worth $26,000. Royal Bank of Canada increased its position in AllianzGI Diversified Income & Convertible Fund by 0.9% in the first quarter. Royal Bank of Canada now owns 41,604 shares of the consumer goods maker’s stock worth $1,307,000 after buying an additional 356 shares in the last quarter. Finally, Karpus Management Inc. purchased a new position in shares of AllianzGI Diversified Income & Convertible Fund during the 1st quarter valued at about $3,407,000.

AllianzGI Diversified Income & Convertible Fund stock traded up $0.01 during midday trading on Thursday, hitting $34.75. 9,990 shares of the company’s stock were exchanged, compared to its average volume of 38,251. AllianzGI Diversified Income & Convertible Fund has a 52-week low of $24.95 and a 52-week high of $37.13. The stock has a 50-day moving average price of $35.35 and a two-hundred day moving average price of $34.10.

The firm also recently announced a monthly dividend, which will be paid on Monday, November 1st. Investors of record on Monday, October 11th will be given a dividend of $0.167 per share. This represents a $2.00 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend is Friday, October 8th.

AllianzGI Diversified Income & Convertible Fund Company Profile

Virtus AllianzGI Diversified Income & Convertible Fund is a closed end investment fund, which objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The company was founded on May 27, 2015 and is headquartered in New York, NY.

Read More: How Does the Quiet Period Work?

Receive News & Ratings for AllianzGI Diversified Income & Convertible Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianzGI Diversified Income & Convertible Fund and related companies with MarketBeat.com's FREE daily email newsletter.