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

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 79,231 shares, an increase of 73.6% from the May 14th total of 45,628 shares. Based on an average daily volume of 88,470 shares, the short-interest ratio is presently 0.9 days.

Virtus Convertible & Income Fund Stock Performance

Shares of Virtus Convertible & Income Fund stock traded up $0.03 during midday trading on Monday, reaching $17.23. The company had a trading volume of 81,954 shares, compared to its average volume of 100,869. The stock has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $16.02. Virtus Convertible & Income Fund has a 1-year low of $13.45 and a 1-year high of $17.60.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Virtus Convertible & Income Fund

Institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP grew its holdings in Virtus Convertible & Income Fund by 39.5% during the 1st quarter. Readystate Asset Management LP now owns 36,738 shares of the investment management company’s stock worth $547,000 after acquiring an additional 10,403 shares during the period. Saba Capital Management L.P. grew its holdings in Virtus Convertible & Income Fund by 373.3% during the 1st quarter. Saba Capital Management L.P. now owns 723,578 shares of the investment management company’s stock worth $10,767,000 after acquiring an additional 570,704 shares during the period. Private Advisor Group LLC grew its holdings in Virtus Convertible & Income Fund by 21.4% during the 1st quarter. Private Advisor Group LLC now owns 164,322 shares of the investment management company’s stock worth $2,445,000 after acquiring an additional 28,915 shares during the period. Wealth Care LLC acquired a new stake in Virtus Convertible & Income Fund during the 1st quarter worth $1,016,000. Finally, Alteri Wealth LLC grew its holdings in 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 acquiring an additional 946 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.