Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 243,900 shares, a decrease of 21.7% from the November 15th total of 311,600 shares. Based on an average daily volume of 414,600 shares, the days-to-cover ratio is currently 0.6 days.
Virtus Convertible & Income Fund II Stock Down 0.3 %
Shares of NCZ stock traded down $0.01 during trading hours on Friday, reaching $3.28. 238,664 shares of the company’s stock were exchanged, compared to its average volume of 479,953. Virtus Convertible & Income Fund II has a fifty-two week low of $2.70 and a fifty-two week high of $3.36. The business has a fifty day moving average price of $3.18 and a 200-day moving average price of $3.04.
Virtus Convertible & Income Fund II Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 43.90%.
Institutional Inflows and Outflows
About Virtus Convertible & Income Fund II
Virtus Convertible & Income Fund II 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.
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