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

Virtus Convertible & Income Fund (NYSE:NCV) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 16,066 shares, a growth of 61.9% from the November 30th total of 9,922 shares. Based on an average daily trading volume, of 74,763 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 74,763 shares, the days-to-cover ratio is currently 0.2 days.

Virtus Convertible & Income Fund Stock Down 0.2%

Shares of Virtus Convertible & Income Fund stock traded down $0.03 during trading on Monday, hitting $15.42. The company’s stock had a trading volume of 113,009 shares, compared to its average volume of 99,782. The company has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $14.84. 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 company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

A number of hedge funds have recently made changes to their positions in the business. WPG Advisers LLC bought a new position in shares of Virtus Convertible & Income Fund during the 1st quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC grew its stake in Virtus Convertible & Income Fund by 649.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 6,749 shares of the investment management company’s stock worth $101,000 after acquiring an additional 5,849 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Virtus Convertible & Income Fund by 41.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,493 shares of the investment management company’s stock worth $110,000 after purchasing an additional 2,488 shares during the period. Jane Street Group LLC purchased a new position in shares of Virtus Convertible & Income Fund during the second quarter valued at $155,000. Finally, Good Life Advisors LLC purchased a new position in Virtus Convertible & Income Fund during the 2nd quarter valued at about $278,000.

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.