Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Expands By 154.3%

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 79,132 shares, a growth of 154.3% from the June 30th total of 31,118 shares. Based on an average trading volume of 65,903 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in Virtus Convertible & Income Fund II by 22.9% during the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after acquiring an additional 196,305 shares during the period. Congress Park Capital LLC increased its stake in shares of Virtus Convertible & Income Fund II by 1.6% in the fourth quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock worth $7,167,000 after purchasing an additional 8,321 shares during the period. Saba Capital Management L.P. acquired a new position in shares of Virtus Convertible & Income Fund II during the 1st quarter worth about $4,717,000. LPL Financial LLC lifted its position in shares of Virtus Convertible & Income Fund II by 20.7% during the 4th quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock worth $3,728,000 after purchasing an additional 46,388 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Virtus Convertible & Income Fund II by 85.5% during the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock valued at $3,095,000 after purchasing an additional 103,556 shares during the period.

Virtus Convertible & Income Fund II Stock Down 0.1%

Virtus Convertible & Income Fund II stock traded down $0.02 during trading hours on Monday, reaching $15.15. 60,361 shares of the company were exchanged, compared to its average volume of 75,729. Virtus Convertible & Income Fund II has a 12 month low of $12.94 and a 12 month high of $16.00. The stock has a 50-day moving average of $15.54 and a 200 day moving average of $14.88.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, August 13th.

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.