Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Update

Virtus Convertible & Income Fund II (NYSE:NCZ) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 22,618 shares, a drop of 18.4% from the January 15th total of 27,716 shares. Based on an average daily trading volume, of 113,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 113,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its stake in shares of Virtus Convertible & Income Fund II by 3.0% in the second quarter. Penserra Capital Management LLC now owns 276,476 shares of the investment management company’s stock valued at $3,549,000 after buying an additional 8,149 shares during the period. Cornerstone Advisors LLC bought a new position in Virtus Convertible & Income Fund II during the second quarter valued at about $765,000. Advisors Asset Management Inc. raised its holdings in Virtus Convertible & Income Fund II by 12.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock valued at $10,231,000 after acquiring an additional 90,765 shares in the last quarter. Invesco Ltd. lifted its position in shares of Virtus Convertible & Income Fund II by 18.4% in the 2nd quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock worth $1,258,000 after acquiring an additional 15,243 shares during the period. Finally, Guggenheim Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the 2nd quarter worth approximately $1,166,000.

Virtus Convertible & Income Fund II Stock Up 0.7%

Shares of NCZ stock traded up $0.10 during trading hours on Monday, reaching $14.91. 38,919 shares of the company’s stock were exchanged, compared to its average volume of 90,271. Virtus Convertible & Income Fund II has a fifty-two week low of $10.23 and a fifty-two week high of $14.98. The business has a fifty day moving average price of $14.22 and a 200-day moving average price of $13.90.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

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.