Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Declines By 19.0%

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 26,290 shares, a drop of 19.0% from the December 15th total of 32,474 shares. Based on an average daily volume of 42,881 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 42,881 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

A number of institutional investors have recently modified their holdings of NCZ. Congress Park Capital LLC increased its stake in Virtus Convertible & Income Fund II by 1.6% during the fourth quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock worth $7,167,000 after purchasing an additional 8,321 shares during the period. CoreCap Advisors LLC increased its position in Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after buying an additional 969 shares during the period. Susquehanna International Group LLP raised its position in Virtus Convertible & Income Fund II by 5.3% in the 3rd quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock valued at $850,000 after purchasing an additional 3,141 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Virtus Convertible & Income Fund II by 94.2% during the third quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock worth $1,713,000 after buying an additional 60,736 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Virtus Convertible & Income Fund II by 9.2% in the third quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock valued at $802,000 after purchasing an additional 4,954 shares during the period.

Virtus Convertible & Income Fund II Trading Up 0.2%

NCZ traded up $0.03 during trading on Monday, reaching $14.14. The company’s stock had a trading volume of 459,323 shares, compared to its average volume of 123,457. The firm has a fifty day simple moving average of $13.91 and a two-hundred day simple moving average of $13.66. Virtus Convertible & Income Fund II has a 1 year low of $10.23 and a 1 year high of $14.44.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Thursday, February 12th.

About Virtus Convertible & Income Fund II

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.