Advent Convertible and Income Fund
AVKFinancial ServicesNASDAQAsset Management
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Daily timeframeAdvent Convertible and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The $476.4M market capitalization puts AVK squarely in small-cap range for its industry. The fund primarily invests in the fixed income markets of the United States.
Market Cap
$476.4M
Beta
1.32
P/E (TTM)
3.32
P/E (Fwd)
-359.67
EPS (TTM)
$3.25
EPS (Fwd)
$-0.03
ROE
26.2%
ROA
2.3%
Cash
$6.5M
Total Debt
$350.0M
Free CF
$12.1M
52W Change
-16.2%
Annual Financials
Cash vs Debt
Where AVK stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, AVK finished 8.74% below its 150-day moving average ($11.90) and 8.20% below its 200-day moving average ($11.83). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is AVK overbought or oversold?
At the October 20, 2026 close, AVK's RSI(14) was 34.9, in neutral territory (between 30 and 70). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, AVK has $6.5M in cash with $350.0M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $12.1M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 26.2%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.3% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$167.3M (2022) to $122.4M (2025), reflecting a 173% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. No single metric tells the full story. Reviewing AVK's risk profile alongside its fundamentals and technical indicators provides a more complete picture.