Short Interest in Virtus Diversified Income & Convertible Fund (NYSE:ACV) Rises By 71.1%

Virtus Diversified Income & Convertible Fund (NYSE:ACV) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 15,400 shares, an increase of 71.1% from the February 13th total of 9,000 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is currently 0.5 days.

Virtus Diversified Income & Convertible Fund Price Performance

NYSE:ACV opened at $20.14 on Friday. The firm has a 50-day moving average of $22.08 and a 200-day moving average of $21.85. Virtus Diversified Income & Convertible Fund has a one year low of $19.57 and a one year high of $24.50.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 11th. Virtus Diversified Income & Convertible Fund’s payout ratio is presently 130.91%.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in Virtus Diversified Income & Convertible Fund by 1.4% in the 4th quarter. LPL Financial LLC now owns 279,527 shares of the consumer goods maker’s stock worth $6,136,000 after purchasing an additional 3,900 shares in the last quarter. Guggenheim Capital LLC increased its stake in Virtus Diversified Income & Convertible Fund by 13.7% in the 4th quarter. Guggenheim Capital LLC now owns 245,793 shares of the consumer goods maker’s stock valued at $5,395,000 after buying an additional 29,659 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Virtus Diversified Income & Convertible Fund in the 4th quarter valued at about $3,151,000. Wolverine Asset Management LLC increased its stake in Virtus Diversified Income & Convertible Fund by 12.0% in the 4th quarter. Wolverine Asset Management LLC now owns 135,942 shares of the consumer goods maker’s stock valued at $2,984,000 after buying an additional 14,569 shares during the last quarter. Finally, World Equity Group Inc. increased its stake in Virtus Diversified Income & Convertible Fund by 273.5% in the 4th quarter. World Equity Group Inc. now owns 54,501 shares of the consumer goods maker’s stock valued at $1,196,000 after buying an additional 39,909 shares during the last quarter.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.