The Gabelli Convertible and Income Securities Fund (GCV) News Today

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 37,900 shares, an increase of 64.8% from the July 15th total of 23,000 shares. Based on an average trading volume of 40,800 shares, the short-interest ratio is currently 0.9 days.

The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Stock Passes Above 50 Day Moving Average of $3.63

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 29,200 shares, an increase of 74.9% from the May 31st total of 16,700 shares. Based on an average daily trading volume, of 39,400 shares, the short-interest ratio is currently 0.7 days.

The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Shares Pass Below 200-Day Moving Average of $3.61

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 29,700 shares, an increase of 26.4% from the April 30th total of 23,500 shares. Based on an average daily trading volume, of 46,500 shares, the days-to-cover ratio is currently 0.6 days.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Thursday, May 16th. Stockholders of record on Thursday, June 13th will be given a dividend of 0.12 per share by the investment management company on Friday, June 21st. This represents a $0.48 annualized dividend and a dividend yield of 13.04%. The ex-dividend date is Thursday, June 13th.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 31,000 shares, a decrease of 63.1% from the March 15th total of 84,000 shares. Based on an average daily volume of 50,800 shares, the days-to-cover ratio is currently 0.6 days.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 84,000 shares, a growth of 254.4% from the February 29th total of 23,700 shares. Based on an average daily trading volume, of 60,300 shares, the days-to-cover ratio is presently 1.4 days.

The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Stock Passes Above 50 Day Moving Average of $3.56

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Rating) insider Mario J. Gabelli sold 5,000 shares of the firm's stock in a transaction on Monday, December 5th. The shares were sold at an average price of $5.36, for a total value of $26,800.00. Following the completion of the sale, the insider now directly owns 1,110,000 shares in the company, valued at approximately $5,949,600. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Tuesday, November 15th. Investors of record on Friday, December 9th will be paid a dividend of 0.12 per share by the investment management company on Friday, December 16th. This represents a $0.48 annualized dividend and a dividend yield of 9.02%. The ex-dividend date is Thursday, December 8th.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Rating) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 61,300 shares, a decrease of 24.0% from the May 31st total of 80,700 shares. Based on an average daily trading volume, of 25,700 shares, the short-interest ratio is presently 2.4 days.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 119,200 shares, an increase of 77.4% from the April 30th total of 67,200 shares. Based on an average trading volume of 27,900 shares, the short-interest ratio is presently 4.3 days.