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

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 7,589 shares, a drop of 52.8% from the December 15th total of 16,066 shares. Based on an average trading volume of 98,922 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 98,922 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

Hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC increased its stake in shares of Virtus Convertible & Income Fund by 11.1% during the 4th quarter. CoreCap Advisors LLC now owns 16,005 shares of the investment management company’s stock worth $242,000 after purchasing an additional 1,600 shares during the last quarter. Penserra Capital Management LLC boosted its position in Virtus Convertible & Income Fund by 0.3% during the third quarter. Penserra Capital Management LLC now owns 621,398 shares of the investment management company’s stock worth $9,320,000 after purchasing an additional 1,724 shares during the period. Raymond James Financial Inc. raised its position in shares of Virtus Convertible & Income Fund by 3.2% in the second 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 during the period. Geneos Wealth Management Inc. raised its position in shares of Virtus Convertible & Income Fund by 41.4% in the first quarter. Geneos Wealth Management Inc. now owns 8,493 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 2,488 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Virtus Convertible & Income Fund by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 263,876 shares of the investment management company’s stock valued at $3,958,000 after buying an additional 2,669 shares in the last quarter.

Virtus Convertible & Income Fund Trading Up 0.2%

Virtus Convertible & Income Fund stock traded up $0.03 during trading on Friday, hitting $15.65. 456,842 shares of the company were exchanged, compared to its average volume of 160,440. The business’s 50 day moving average is $15.31 and its 200 day moving average is $15.00. Virtus Convertible & Income Fund has a 52 week low of $11.51 and a 52 week high of $15.83.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be paid a $0.136 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Thursday, February 12th.

Virtus Convertible & Income Fund Company Profile

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.