Virtus Equity & Convertible Income Fund (NYSE:NIE) Short Interest Down 17.1% in January

Virtus Equity & Convertible Income Fund (NYSE:NIE) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 20,806 shares, a decline of 17.1% from the January 15th total of 25,112 shares. Based on an average daily volume of 77,400 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 77,400 shares, the short-interest ratio is presently 0.3 days.

Virtus Equity & Convertible Income Fund Stock Performance

Shares of NIE stock traded down $0.04 on Monday, reaching $25.22. The stock had a trading volume of 37,068 shares, compared to its average volume of 62,872. The company has a 50 day simple moving average of $25.31 and a 200 day simple moving average of $25.14. Virtus Equity & Convertible Income Fund has a 1 year low of $18.54 and a 1 year high of $26.00.

Virtus Equity & Convertible Income Fund Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were issued a dividend of $0.526 per share. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Investors Weigh In On Virtus Equity & Convertible Income Fund

Several large investors have recently bought and sold shares of the business. OxenFree Capital LLC raised its position in Virtus Equity & Convertible Income Fund by 1.0% during the fourth quarter. OxenFree Capital LLC now owns 56,643 shares of the company’s stock valued at $1,412,000 after purchasing an additional 556 shares during the period. NewEdge Advisors LLC boosted its position in Virtus Equity & Convertible Income Fund by 9.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,925 shares of the company’s stock valued at $153,000 after buying an additional 617 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Virtus Equity & Convertible Income Fund by 2.5% in the 2nd quarter. D.A. Davidson & CO. now owns 25,579 shares of the company’s stock worth $611,000 after buying an additional 635 shares during the period. Stolper Co grew its holdings in Virtus Equity & Convertible Income Fund by 2.3% during the 4th quarter. Stolper Co now owns 32,642 shares of the company’s stock worth $813,000 after acquiring an additional 719 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in Virtus Equity & Convertible Income Fund by 3.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 26,412 shares of the company’s stock worth $658,000 after buying an additional 886 shares during the period.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund (NYSE:NIE) is a diversified, closed-end management investment company designed to provide shareholders with a combination of current income and capital appreciation. The fund seeks to achieve its objectives by investing predominantly in convertible securities of U.S. and non-U.S. issuers alongside selected common stocks. Leveraging the hybrid characteristics of convertibles, the fund aims to capture income potential while maintaining exposure to equity market upside.

The fund’s investment strategy centers on a flexible allocation between fixed-income and equity components, with portfolio managers conducting rigorous credit and equity research to identify issuers offering attractive risk-reward profiles.