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

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,471 shares, a decrease of 64.4% from the July 30th total of 18,154 shares. Based on an average daily volume of 56,550 shares, the days-to-cover ratio is currently 0.1 days.

Virtus Convertible & Income Fund Trading Down 0.9%

Shares of NYSE:NCV opened at $16.62 on Friday. Virtus Convertible & Income Fund has a 1-year low of $14.46 and a 1-year high of $17.65. The firm has a fifty day moving average price of $17.00 and a 200 day moving average price of $16.59.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.136 per share. The ex-dividend date was Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.8%.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in Virtus Convertible & Income Fund by 2.7% during the first quarter. Cetera Investment Advisers now owns 27,019 shares of the investment management company’s stock worth $402,000 after acquiring an additional 708 shares during the period. Alteri Wealth LLC grew its stake in shares of Virtus Convertible & Income Fund by 9.1% during the 4th quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock worth $172,000 after purchasing an additional 946 shares during the period. Trust Co. of Vermont purchased a new position in shares of Virtus Convertible & Income Fund in the 2nd quarter valued at about $29,000. Raymond James Financial Inc. increased its holdings in shares of Virtus Convertible & Income Fund by 3.2% in the 2nd quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock valued at $1,110,000 after purchasing an additional 2,388 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Virtus Convertible & Income Fund by 1.0% in the third quarter. Bank of America Corp DE now owns 263,876 shares of the investment management company’s stock valued at $3,958,000 after purchasing an additional 2,669 shares during the period.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.