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

Advent Convertible Bond ETF (NYSEARCA:ACVT) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 13 shares, a drop of 99.4% from the February 26th total of 2,020 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,152 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 8,152 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Advent Convertible Bond ETF Stock Down 0.2%

Shares of NYSEARCA ACVT traded down $0.05 during midday trading on Tuesday, hitting $26.21. 7 shares of the company’s stock were exchanged, compared to its average volume of 2,604. The business’s fifty day moving average price is $26.75 and its two-hundred day moving average price is $26.81. Advent Convertible Bond ETF has a 12-month low of $25.06 and a 12-month high of $27.19.

Hedge Funds 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 bought a new stake in shares of Advent Convertible Bond ETF (NYSEARCA:ACVT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 990,000 shares of the company’s stock, valued at approximately $25,862,000. Advent Capital Management DE owned about 96.12% of Advent Convertible Bond ETF as of its most recent filing with the Securities and Exchange Commission.

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.