Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Increases By 172.0%

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 72,201 shares, a growth of 172.0% from the February 26th total of 26,541 shares. Based on an average trading volume of 66,612 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Virtus Convertible & Income Fund II

Institutional investors have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC increased its stake in shares of Virtus Convertible & Income Fund II by 4,943.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 7,366 shares during the period. Global Retirement Partners LLC acquired a new stake in Virtus Convertible & Income Fund II in the fourth quarter worth approximately $131,000. CoreCap Advisors LLC lifted its position in Virtus Convertible & Income Fund II by 10.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC boosted its stake in Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after purchasing an additional 927 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in Virtus Convertible & Income Fund II during the 4th quarter valued at $174,000.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ traded down $0.37 during trading hours on Friday, reaching $13.11. 112,275 shares of the company’s stock traded hands, compared to its average volume of 74,952. Virtus Convertible & Income Fund II has a twelve month low of $10.23 and a twelve month high of $14.99. The business’s fifty day simple moving average is $14.39 and its two-hundred day simple moving average is $14.08.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a yield of 11.0%.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.