AVK Stock Summary and Trading Ideas (Advent Claymore Conv & Income | NYSE:AVK)

The Fund’s investment objective is to provide total return, through a combination of capital appreciation and current income. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. Under normal market conditions, the Fund will invest at least 60% of its managed assets in convertible securities and up to 40% of its managed assets in lower-grade, non-convertible income securities, although the portion of the Fund's assets invested in convertible securities and non-convertible income securities will vary from time to time consistent with the Fund's investment objective, changes in equity prices and changes in interest rates and other economic and market factors. The Fund expects to invest approximately 70% of its assets in lower-grade securities, however from time to time it is possible that all of the Fund’s assets may be invested in lower-grade securities. The Fund may invest without limitation in securities of foreign issuers and the Fund’s investment in foreign securities may vary over time in the discretion of the Fund’s investment advisor.

Advent Claymore Conv & Income trades on the NYSE stock market under the symbol AVK.

As of April 15, 2024, AVK stock price declined to $11.29 with 162,793 million shares trading.

AVK has a beta of 1.21, meaning it tends to be more sensitive to market movements. AVK has a correlation of 0.58 to the broad based SPY ETF.

AVK has a market cap of $390.56 million. This is considered a Small Cap stock.

In the last 3 years, AVK stock traded as high as $19.91 and as low as $9.24.

AVK has underperformed the market in the last year with a price return of +9.4% while the SPY ETF gained +25.3%. AVK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and -4.5%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

AVK support price is $11.52 and resistance is $11.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVK stock will trade within this expected range on the day.