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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 87,511 shares, an increase of 208.6% from the July 30th total of 28,362 shares. Based on an average trading volume of 62,671 shares, the short-interest ratio is currently 1.4 days.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ traded down $0.18 on Friday, reaching $15.47. The stock had a trading volume of 35,846 shares, compared to its average volume of 72,120. Virtus Convertible & Income Fund II has a 1 year low of $12.95 and a 1 year high of $16.17. The business has a 50 day moving average price of $15.56 and a 200 day moving average price of $15.09.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 13th were issued a $0.12 dividend. The ex-dividend date was Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.3%.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC grew its position in Virtus Convertible & Income Fund II by 4,943.6% in the fourth 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 in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at $131,000. Readystate Asset Management LP acquired a new stake in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at $174,000. PFG Investments LLC boosted its holdings in Virtus Convertible & Income Fund II by 19.5% in the first quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock worth $183,000 after purchasing an additional 2,220 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC bought a new stake in Virtus Convertible & Income Fund II in the first quarter worth $213,000.

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.