AllianzGI Convertible & Income 2024 Target Term Fund (NYSE:CBH) saw a significant decrease in short interest in the month of May. As of May 14th, there was short interest totalling 2,000 shares, a decrease of 84.6% from the April 29th total of 13,000 shares. Based on an average daily volume of 41,900 shares, the short-interest ratio is currently 0.0 days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBH. First Trust Advisors LP grew its stake in shares of AllianzGI Convertible & Income 2024 Target Term Fund by 3.5% in the first quarter. First Trust Advisors LP now owns 114,642 shares of the company’s stock worth $1,032,000 after acquiring an additional 3,828 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of AllianzGI Convertible & Income 2024 Target Term Fund by 0.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 187,560 shares of the company’s stock worth $1,864,000 after acquiring an additional 1,262 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of AllianzGI Convertible & Income 2024 Target Term Fund in the fourth quarter worth $182,000. Arkadios Wealth Advisors purchased a new stake in shares of AllianzGI Convertible & Income 2024 Target Term Fund in the fourth quarter worth $48,000. Finally, Morgan Stanley grew its stake in shares of AllianzGI Convertible & Income 2024 Target Term Fund by 7.1% in the fourth quarter. Morgan Stanley now owns 866,888 shares of the company’s stock worth $8,660,000 after acquiring an additional 57,323 shares during the last quarter.
CBH stock traded up $0.10 during midday trading on Thursday, hitting $10.37. The stock had a trading volume of 18,197 shares, compared to its average volume of 42,957. The business has a 50-day moving average of $10.35 and a two-hundred day moving average of $10.06. AllianzGI Convertible & Income 2024 Target Term Fund has a 52-week low of $8.22 and a 52-week high of $10.64.
The business also recently announced a dividend, which was paid on Thursday, April 1st. Stockholders of record on Thursday, March 11th were paid a $0.046 dividend. The ex-dividend date of this dividend was Wednesday, March 10th.
AllianzGI Convertible & Income 2024 Target Term Fund Company Profile
AllianzGI Convertible & Income 2024 Target Term Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity and fixed incomes markets of the United States. It invests in stocks of companies operating across diversified sectors.
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