Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Up 16.5% in February

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 26,541 shares, a growth of 16.5% from the February 12th total of 22,775 shares. Based on an average daily volume of 39,637 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 39,637 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its holdings in Virtus Convertible & Income Fund II by 4,943.6% in the 4th 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 during the last quarter. Global Retirement Partners LLC purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter valued at about $131,000. CoreCap Advisors LLC boosted 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 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 fourth 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 purchased a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter worth about $174,000.

Virtus Convertible & Income Fund II Trading Up 1.0%

Virtus Convertible & Income Fund II stock opened at $14.16 on Wednesday. The business’s 50 day simple moving average is $14.45 and its 200 day simple moving average is $14.08. Virtus Convertible & Income Fund II has a 12 month low of $10.23 and a 12 month high of $14.99.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, May 11th.

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.