Advent Convertible and Income Fund (NYSE:AVK) traded today at a new 52-week high of $18.45. This new high was reached on below average trading volume as 76,000 shares traded hands, while the average 30-day volume is approximately 178,000 shares.
Advent Convertible and Income Fund (NYSE:AVK) defies analysts with a current price ($18.34) 1.4% above its average consensus price target of $18.08.
Over the past year, Advent Convertible and Income Fund has traded in a range of $10.85 to $18.45 and is now at $18.34, 69% above that low.
Advent Claymore Convt Security & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.
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