Short Interest in Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) Declines By 43.1%

Allianzgi Diversified Incm and Cnvrtb Fd (NYSE:ACV) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totalling 3,700 shares, a decrease of 43.1% from the February 27th total of 6,500 shares. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Large investors have recently modified their holdings of the stock. Sugarloaf Wealth Management LLC acquired a new stake in Allianzgi Diversified Incm and Cnvrtb Fd in the 4th quarter valued at about $28,000. Citizens Financial Group Inc RI acquired a new stake in Allianzgi Diversified Incm and Cnvrtb Fd in the 4th quarter valued at about $95,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Allianzgi Diversified Incm and Cnvrtb Fd by 134.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,754 shares of the consumer goods maker’s stock valued at $142,000 after purchasing an additional 3,295 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in Allianzgi Diversified Incm and Cnvrtb Fd in the 3rd quarter valued at about $258,000. Finally, Wedbush Securities Inc. lifted its stake in Allianzgi Diversified Incm and Cnvrtb Fd by 12.8% in the 4th quarter. Wedbush Securities Inc. now owns 14,100 shares of the consumer goods maker’s stock valued at $347,000 after purchasing an additional 1,600 shares during the last quarter.

Shares of Allianzgi Diversified Incm and Cnvrtb Fd stock traded up $0.99 during trading hours on Thursday, reaching $17.92. 141,100 shares of the company’s stock were exchanged, compared to its average volume of 68,517. The company has a 50 day moving average of $22.17 and a two-hundred day moving average of $23.62. Allianzgi Diversified Incm and Cnvrtb Fd has a fifty-two week low of $11.51 and a fifty-two week high of $26.66.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.167 per share. The ex-dividend date is Wednesday, March 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.18%.

About Allianzgi Diversified Incm and Cnvrtb Fd

AllianzGI Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.

Read More: Diversification in Investing

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