Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Update

Virtus Convertible & Income Fund (NYSE:NCV) 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

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in Virtus Convertible & Income Fund by 237.0% during the 4th quarter. International Assets Investment Management LLC now owns 8,128 shares of the investment management company’s stock worth $27,000 after acquiring an additional 5,716 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Virtus Convertible & Income Fund during the 4th quarter worth approximately $34,000. Hartline Investment Corp bought a new stake in Virtus Convertible & Income Fund during the 1st quarter worth approximately $35,000. Coldstream Capital Management Inc. bought a new stake in Virtus Convertible & Income Fund during the 4th quarter worth approximately $37,000. Finally, Occidental Asset Management LLC bought a new stake in Virtus Convertible & Income Fund during the 4th quarter worth approximately $38,000.

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.