Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 83,500 shares, a decrease of 13.7% from the May 31st total of 96,800 shares. Based on an average daily volume of 609,300 shares, the days-to-cover ratio is presently 0.1 days.
Virtus Convertible & Income Fund Price Performance
NCV stock traded up $0.02 during trading on Tuesday, reaching $3.30. 853,877 shares of the company were exchanged, compared to its average volume of 526,693. The company has a 50-day moving average of $3.22 and a two-hundred day moving average of $3.25. Virtus Convertible & Income Fund has a twelve month low of $2.84 and a twelve month high of $3.59.
Virtus Convertible & Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be given a dividend of $0.034 per share. This represents a $0.41 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Thursday, July 11th.
Hedge Funds Weigh In On Virtus Convertible & Income Fund
About Virtus Convertible & Income Fund
Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
Recommended Stories
- Five stocks we like better than Virtus Convertible & Income Fund
- What Are Dividend Contenders? Investing in Dividend Contenders
- RXO Shares Surge Following New Acquisition Deal
- Investing In Preferred Stock vs. Common Stock
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Virtus Convertible & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Convertible & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.