Advent Convertible Bond ETF (NYSEARCA:ACVT) Sees Significant Decline in Short Interest

Advent Convertible Bond ETF (NYSEARCA:ACVT) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 176 shares, a drop of 52.9% from the December 31st total of 374 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,858 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 2,858 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Advent Convertible Bond ETF Stock Down 0.2%

Shares of NYSEARCA ACVT traded down $0.05 during trading hours on Friday, reaching $26.95. The stock had a trading volume of 17 shares, compared to its average volume of 1,666. The firm has a 50-day moving average of $26.91 and a 200-day moving average of $26.77. Advent Convertible Bond ETF has a fifty-two week low of $25.06 and a fifty-two week high of $27.19.

Institutional Investors Weigh In On Advent Convertible Bond ETF

A hedge fund recently bought a new stake in Advent Convertible Bond ETF stock. Advent Capital Management DE purchased a new stake in shares of Advent Convertible Bond ETF (NYSEARCA:ACVT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 990,000 shares of the company’s stock, valued at approximately $25,862,000. Advent Capital Management DE owned approximately 96.12% of Advent Convertible Bond ETF at the end of the most recent quarter.

About Advent Convertible Bond ETF

The Advent Convertible Bond ETF (ACVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund comprised of US-issued and USD-denominated foreign-issued convertible securities. The fund seeks to deliver total return through income and capital appreciation. ACVT was launched on Apr 30, 2025 and is issued by Advent.