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

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,489 shares, a decline of 38.8% from the April 30th total of 17,137 shares. Based on an average daily volume of 106,962 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NCZ. Penserra Capital Management LLC grew its position in shares of Virtus Convertible & Income Fund II by 89.3% during the third quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after buying an additional 246,902 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Virtus Convertible & Income Fund II by 7.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 855,843 shares of the investment management company’s stock valued at $11,708,000 after purchasing an additional 59,074 shares during the last quarter. Wolverine Asset Management LLC raised its stake in Virtus Convertible & Income Fund II by 171.7% during the 4th quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock valued at $727,000 after acquiring an additional 33,324 shares in the last quarter. Congress Park Capital LLC lifted its holdings in Virtus Convertible & Income Fund II by 1.6% in 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. Finally, Prevail Innovative Wealth Advisors LLC boosted its stake in Virtus Convertible & Income Fund II by 21.6% during the 3rd quarter. Prevail Innovative Wealth Advisors LLC now owns 121,010 shares of the investment management company’s stock valued at $1,655,000 after purchasing an additional 21,510 shares in the last quarter.

Virtus Convertible & Income Fund II Price Performance

Shares of Virtus Convertible & Income Fund II stock traded up $0.05 on Thursday, reaching $15.71. The company had a trading volume of 46,969 shares, compared to its average volume of 78,256. Virtus Convertible & Income Fund II has a 52-week low of $12.15 and a 52-week high of $15.99. The firm’s 50 day moving average price is $14.88 and its two-hundred day moving average price is $14.42.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a $0.12 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

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.