Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 340,500 shares, a decrease of 36.9% from the August 15th total of 540,000 shares. Based on an average daily trading volume, of 572,200 shares, the short-interest ratio is currently 0.6 days.
Virtus Convertible & Income Fund Trading Down 0.3 %
Virtus Convertible & Income Fund stock traded down $0.01 during mid-day trading on Monday, hitting $3.43. The company’s stock had a trading volume of 211,962 shares, compared to its average volume of 509,364. The stock’s fifty day moving average is $3.40 and its two-hundred day moving average is $3.29. Virtus Convertible & Income Fund has a 1 year low of $2.84 and a 1 year high of $3.48.
Virtus Convertible & Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.034 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date of this dividend is Tuesday, November 12th.
Institutional Trading of Virtus Convertible & Income Fund
About Virtus Convertible & Income Fund
Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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