Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Increases By 112.8%

Virtus Convertible & Income Fund II (NYSE:NCZ) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 22,325 shares, an increase of 112.8% from the May 14th total of 10,489 shares. Based on an average daily trading volume, of 71,921 shares, the days-to-cover ratio is currently 0.3 days.

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE NCZ opened at $15.80 on Monday. Virtus Convertible & Income Fund II has a fifty-two week low of $12.15 and a fifty-two week high of $15.99. The business has a 50-day simple moving average of $15.16 and a two-hundred day simple moving average of $14.52.

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 $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Thursday, August 13th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC increased its stake in Virtus Convertible & Income Fund II by 2.1% during the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock worth $593,000 after purchasing an additional 915 shares during the period. PFG Investments LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 8.9% in the fourth 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. CoreCap Advisors LLC increased its stake in Virtus Convertible & Income Fund II by 10.1% during the 4th quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after buying an additional 969 shares during the period. Susquehanna International Group LLP increased its stake in Virtus Convertible & Income Fund II by 5.3% during the 3rd quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock worth $850,000 after buying an additional 3,141 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Virtus Convertible & Income Fund II by 9.3% during the 1st quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock worth $777,000 after buying an additional 4,950 shares in the last quarter.

About Virtus Convertible & Income Fund II

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.