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Advent Claymore Convertible Securities and Income Fund Has Returned 19.8% Since SmarTrend Recommendation (AVK)

By Shiri Gupta

SmarTrend identified an Uptrend for Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) on March 1st, 2016 at $12.62. In approximately 6 months, Advent Claymore Convertible Securities and Income Fund has returned 19.81% as of today's recent price of $15.12.

In the past 52 weeks, shares of Advent Claymore Convertible Securities and Income Fund have traded between a low of $10.92 and a high of $17.52 and are now at $15.12, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company incorporated in the USA. The Fund's objective is to provide total return, through a combination of capital appreciation and current income. The Fund invests 80% of its assets in a diversified portfolio of convertible and non-convertible securities.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Advent Claymore Convertible Securities and Income Fund shares.

Log in and add Advent Claymore Convertible Securities and Income Fund (AVK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights advent claymore convertible securities and income fund

Ticker(s): AVK