Virtus Equity & Convertible Income Fund (NYSE:NIE) Stock Short Interest Report for October

Virtus Equity & Convertible Income Fund (NYSE:NIE) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 18,029 shares, a decrease of 74.6% from the October 15th total of 71,053 shares. Based on an average daily volume of 62,185 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Virtus Equity & Convertible Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NIE. PMG Family Office LLC raised its position in shares of Virtus Equity & Convertible Income Fund by 1.8% in the 3rd quarter. PMG Family Office LLC now owns 32,989 shares of the company’s stock worth $825,000 after buying an additional 597 shares during the period. Kestra Advisory Services LLC boosted its holdings in Virtus Equity & Convertible Income Fund by 1.9% in the third quarter. Kestra Advisory Services LLC now owns 41,243 shares of the company’s stock valued at $1,031,000 after acquiring an additional 778 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Virtus Equity & Convertible Income Fund by 9.3% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,362 shares of the company’s stock valued at $251,000 after acquiring an additional 794 shares during the period. Fifth Third Bancorp grew its position in Virtus Equity & Convertible Income Fund by 11.7% during the third quarter. Fifth Third Bancorp now owns 9,039 shares of the company’s stock valued at $226,000 after acquiring an additional 945 shares during the period. Finally, OxenFree Capital LLC increased its stake in Virtus Equity & Convertible Income Fund by 1.5% during the third quarter. OxenFree Capital LLC now owns 73,878 shares of the company’s stock worth $1,868,000 after acquiring an additional 1,080 shares during the last quarter.

Virtus Equity & Convertible Income Fund Stock Performance

NIE stock traded down $0.14 on Friday, hitting $23.29. 50,594 shares of the company were exchanged, compared to its average volume of 65,714. Virtus Equity & Convertible Income Fund has a twelve month low of $22.78 and a twelve month high of $27.24. The business’s fifty day moving average is $24.87 and its two-hundred day moving average is $25.52.

Virtus Equity & Convertible Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $2.32 annualized dividend and a dividend yield of 10.0%.

About Virtus Equity & Convertible Income Fund

Virtus Equity & Convertible Income Fund is a publicly traded closed-end investment fund listed on the New York Stock Exchange under the symbol NIE. Rather than operating as a traditional company, the fund invests in a portfolio of securities with the objective of seeking total return through a combination of current income and capital appreciation. The fund primarily invests in equity securities and convertible securities. Its portfolio may include common stocks and convertible bonds or preferred securities, giving investors exposure to companies while also providing the potential for income from dividends and interest.