Virtus Convertible & Income Fund II (NYSE:NCZ) Sees Significant Decline in Short Interest

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 10,489 shares, a drop of 38.8% from the April 30th total of 17,137 shares. Based on an average daily volume of 106,962 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC increased its position in shares of Virtus Convertible & Income Fund II by 4,943.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after acquiring an additional 7,366 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Virtus Convertible & Income Fund II during the 4th quarter valued at $131,000. CoreCap Advisors LLC boosted its position 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 purchasing an additional 969 shares during the period. PFG Investments LLC boosted its position in Virtus Convertible & Income Fund II by 8.9% during the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after purchasing an additional 927 shares during the period. Finally, Readystate Asset Management LP acquired a new stake in Virtus Convertible & Income Fund II in the 4th quarter valued at $174,000.

Virtus Convertible & Income Fund II Stock Down 1.4%

Shares of NYSE:NCZ traded down $0.22 during trading on Wednesday, reaching $15.71. 12,499 shares of the stock were exchanged, compared to its average volume of 77,057. The firm’s 50-day moving average price is $14.80 and its 200 day moving average price is $14.40. Virtus Convertible & Income Fund II has a 12-month low of $12.15 and a 12-month high of $15.99.

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.