November 23, 2016 - By Clifton Ray · 0 Comments
The stock of Avenue Income Credit Strategies (NYSE:ACP) registered a decrease of 43.08% in short interest. ACP’s total short interest was 3,700 shares in November as published by FINRA. Its down 43.08% from 6,500 shares, reported previously. About 15,510 shares traded hands. Avenue Income Credit Strategies Fund (NYSE:ACP) has risen 10.41% since April 21, 2016 and is uptrending. It has outperformed by 5.08% the S&P500.
Avenue Income Credit Strategies Fund is a non-diversified closed-end management investment company. The company has a market cap of $166.57 million. The Fund’s primary investment objective is to focus on a high level of current income with a secondary objective of capital appreciation. It currently has negative earnings. The Fund focuses on achieving its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements, and derivative instruments) of issuers that operate in various industries and geographic regions.
More notable recent Avenue Income Credit Strategies Fund (NYSE:ACP) news were published by: Nasdaq.com which released: “Avenue Income Credit Strategies Fund (ACP) Ex-Dividend Date Scheduled for …” on October 10, 2016, also Prnewswire.com with their article: “Avenue Income Credit Strategies Fund February Monthly Dividend” published on February 01, 2016, Seekingalpha.com published: “Avenue Income Credit Strategy: Distressed Credit Investing At A Discount” on June 30, 2014. More interesting news about Avenue Income Credit Strategies Fund (NYSE:ACP) were released by: Nasdaq.com and their article: “Avenue Income Credit Strategies Fund (ACP) Ex-Dividend Date Scheduled for …” published on December 08, 2014 as well as Marketwatch.com‘s news article titled: “Opinion: Junk bonds, after a tumultuous 2015, are now alluring” with publication date: January 04, 2016.
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By Clifton Ray