Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Up 111.7% in February

Virtus Convertible & Income Fund (NYSE:NCV) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 64,911 shares, an increase of 111.7% from the January 29th total of 30,655 shares. Based on an average daily trading volume, of 126,940 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 126,940 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

A number of large investors have recently bought and sold shares of NCV. Thomas J. Herzfeld Advisors Inc. bought a new position in Virtus Convertible & Income Fund during the fourth quarter worth about $2,641,000. Guggenheim Capital LLC lifted its position in Virtus Convertible & Income Fund by 70.3% during the 4th quarter. Guggenheim Capital LLC now owns 337,948 shares of the investment management company’s stock worth $5,120,000 after buying an additional 139,536 shares in the last quarter. Saba Capital Management L.P. raised its position in Virtus Convertible & Income Fund by 374.1% during the fourth quarter. Saba Capital Management L.P. now owns 152,874 shares of the investment management company’s stock worth $2,316,000 after acquiring an additional 120,630 shares in the last quarter. Cornerstone Advisors LLC acquired a new stake in Virtus Convertible & Income Fund during the 2nd quarter valued at $1,580,000. Finally, Congress Park Capital LLC grew its holdings in Virtus Convertible & Income Fund by 16.0% in the 4th quarter. Congress Park Capital LLC now owns 735,137 shares of the investment management company’s stock valued at $11,137,000 after buying an additional 101,287 shares in the last quarter.

Virtus Convertible & Income Fund Trading Down 0.8%

Shares of Virtus Convertible & Income Fund stock traded down $0.14 during trading on Friday, hitting $16.30. The stock had a trading volume of 39,573 shares, compared to its average volume of 119,115. The business has a fifty day moving average of $15.90 and a two-hundred day moving average of $15.41. Virtus Convertible & Income Fund has a fifty-two week low of $11.51 and a fifty-two week high of $16.70.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.