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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 148,000 shares, an increase of 167.6% from the March 31st total of 55,300 shares. Based on an average daily volume of 448,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Virtus Convertible & Income Fund II

Large investors have recently bought and sold shares of the business. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at about $44,000. CTC Alternative Strategies Ltd. boosted its position in Virtus Convertible & Income Fund II by 108.6% during the 4th quarter. CTC Alternative Strategies Ltd. now owns 37,764 shares of the investment management company’s stock worth $113,000 after acquiring an additional 19,664 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Virtus Convertible & Income Fund II by 50.0% during the 3rd quarter. Ieq Capital LLC now owns 43,385 shares of the investment management company’s stock worth $120,000 after acquiring an additional 14,463 shares in the last quarter. KPP Advisory Services LLC bought a new stake in shares of Virtus Convertible & Income Fund II in the third quarter worth $163,000. Finally, Axxcess Wealth Management LLC acquired a new position in Virtus Convertible & Income Fund II during the third quarter worth $166,000.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ traded up $0.04 during trading hours on Friday, reaching $2.82. The stock had a trading volume of 431,705 shares, compared to its average volume of 443,706. Virtus Convertible & Income Fund II has a 52 week low of $2.50 and a 52 week high of $3.15. The firm has a 50-day moving average of $2.87 and a 200 day moving average of $2.84.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 11th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, April 10th. This represents a dividend yield of 12.24%.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.