Short Interest Coverage: Will Allianzgi Convertible & Income F (NYSE:NCV) Run Out of Steam Soon? Short Interest Is Down

November 23, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Coverage: Will Allianzgi Convertible & Income F (NYSE:NCV) Run Out of Steam Soon? Short Interest Is Down

The stock of Allianzgi Convertible & Income F (NYSE:NCV) registered a decrease of 11.66% in short interest. NCV’s total short interest was 477,100 shares in November as published by FINRA. Its down 11.66% from 540,100 shares, reported previously. With 308,800 shares average volume, it will take short sellers 2 days to cover their NCV’s short positions. About 31,701 shares traded hands. Allianzgi Convertible & Income Fund (NYSE:NCV) has risen 9.88% since April 21, 2016 and is uptrending. It has outperformed by 4.55% the S&P500.

AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, is a diversified, closed-end management investment company. The company has a market cap of $557.16 million. The Fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. It has a 37.26 P/E ratio. The Fund invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.28, from 0.68 in 2016Q1. The ratio improved, as 17 funds sold all Allianzgi Convertible & Income Fund shares owned while 17 reduced positions. 7 funds bought stakes while 16 increased positions. They now own 11.08 million shares or 44.31% less from 19.90 million shares in 2016Q1.
Us Bank De owns 1,460 shares or 0% of their US portfolio. Cetera Advisor Networks Limited Liability Company has invested 0.01% of its portfolio in Allianzgi Convertible & Income Fund (NYSE:NCV). Stifel Finance holds 0% of its portfolio in Allianzgi Convertible & Income Fund (NYSE:NCV) for 13,293 shares. The Florida-based Raymond James And Associate has invested 0% in Allianzgi Convertible & Income Fund (NYSE:NCV). The California-based National Planning Corporation has invested 0.01% in Allianzgi Convertible & Income Fund (NYSE:NCV). Raymond James Fincl Serv, a Florida-based fund reported 37,298 shares. Sei Investments Com last reported 0% of its portfolio in the stock. Guggenheim Ltd Com has 0.03% invested in the company for 1.35 million shares. Commercial Bank Of America Corporation De last reported 967,103 shares in the company. Sit Inv Assoc last reported 757,755 shares in the company. Private Advisor Ltd Com last reported 0% of its portfolio in the stock. Deutsche Bank & Trust Ag holds 500 shares or 0% of its portfolio. Wells Fargo Company Mn holds 0% or 2.06M shares in its portfolio. Vsr Financial Serv Inc holds 0.03% of its portfolio in Allianzgi Convertible & Income Fund (NYSE:NCV) for 33,920 shares. Invesco Limited has invested 0% of its portfolio in Allianzgi Convertible & Income Fund (NYSE:NCV).

More notable recent Allianzgi Convertible & Income Fund (NYSE:NCV) news were published by: Reuters.com which released: “BRIEF-AllianzGI Convertible & Income Fund qtrly net investment income $15….” on October 28, 2016, also Nasdaq.com with their article: “AllianzGI Convertible & Income Fund (NCV) Ex-Dividend Date Scheduled for …” published on November 07, 2016, Businesswire.com published: “AllianzGI Convertible & Income Fund Reports Results for the Fiscal Quarter and …” on October 28, 2016. More interesting news about Allianzgi Convertible & Income Fund (NYSE:NCV) were released by: Seekingalpha.com and their article: “Buy AllianzGI Convertible & Income Fund II If You Own And Love PIMCO High …” published on November 07, 2013 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 12, 2011.

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By Pete Kolinski


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