Virtus Diversified Income & Convertible Fund (NYSE:ACV) Stock Short Interest Report for October

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 31,261 shares, a growth of 112.6% from the September 30th total of 14,706 shares. Based on an average trading volume of 40,484 shares, the short-interest ratio is presently 0.8 days.

Virtus Diversified Income & Convertible Fund Trading Down 1.0%

NYSE:ACV traded down $0.24 during mid-day trading on Friday, hitting $23.86. The company had a trading volume of 52,718 shares, compared to its average volume of 27,973. The business’s fifty day moving average is $25.03 and its two-hundred day moving average is $26.47. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $23.33 and a fifty-two week high of $29.04.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a dividend of $0.2150 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.58 dividend on an annualized basis and a yield of 10.8%. Virtus Diversified Income & Convertible Fund’s payout ratio is currently 169.09%.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Virtus Diversified Income & Convertible Fund by 5.9% in the 1st quarter. Bank of America Corp DE now owns 104,152 shares of the consumer goods maker’s stock valued at $2,531,000 after buying an additional 5,804 shares in the last quarter. Royal Bank of Canada lifted its holdings in Virtus Diversified Income & Convertible Fund by 6.5% during the first quarter. Royal Bank of Canada now owns 73,971 shares of the consumer goods maker’s stock worth $1,797,000 after acquiring an additional 4,509 shares in the last quarter. World Equity Group Inc. lifted its holdings in Virtus Diversified Income & Convertible Fund by 22.0% during the second quarter. World Equity Group Inc. now owns 41,950 shares of the consumer goods maker’s stock worth $1,189,000 after acquiring an additional 7,558 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Virtus Diversified Income & Convertible Fund by 7.0% in the first quarter. Apollon Wealth Management LLC now owns 25,623 shares of the consumer goods maker’s stock valued at $623,000 after acquiring an additional 1,671 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Virtus Diversified Income & Convertible Fund by 56.5% in the first quarter. D.A. Davidson & CO. now owns 14,198 shares of the consumer goods maker’s stock valued at $345,000 after acquiring an additional 5,126 shares during the period.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol ACV. The fund seeks to provide a high level of current income and total return through a diversified portfolio of income-producing securities.

The fund invests primarily in convertible securities, high-yield corporate bonds and dividend-paying common stocks. Convertible securities can offer income while providing the potential to participate in the underlying issuer’s equity performance.