The Gabelli Convertible and Income Securities Fund (GCV) Short Interest Ratio & Short Volume

Short interest is the volume of The Gabelli Convertible and Income Securities Fund shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 29,700 shares of GCV short. Learn More on The Gabelli Convertible and Income Securities Fund's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GCV shares currently have a short interest ratio of 1.0. Learn More on The Gabelli Convertible and Income Securities Fund's short interest ratio.

The Gabelli Convertible and Income Securities Fund saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 29,700 shares, an increase of 26.4% from the previous total of 23,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to The Gabelli Convertible and Income Securities Fund: PIMCO Strategic Income Fund, Inc. (0.16%), Putnam Managed Municipal Income Trust (0.11%), MFS Multimarket Income Trust (0.19%), BlackRock Income Trust, Inc. (0.15%), Sprott Focus Trust, Inc. (0.04%), BlackRock MuniVest Fund II, Inc. (0.02%), BlackRock MuniYield Quality Fund II, Inc. (0.05%), TCW Strategic Income Fund, Inc. (0.13%), Invesco Trust for Investment Grade New York Municipals (0.37%), Templeton Dragon Fund, Inc. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling GCV is an investing strategy that aims to generate trading profit from The Gabelli Convertible and Income Securities Fund as its price is falling. GCV shares are trading down $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for The Gabelli Convertible and Income Securities Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of GCV, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GCV, twice per month. The most recent reporting period available is May, 15 2024.