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

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 83,500 shares, a drop of 13.7% from the May 31st total of 96,800 shares. Based on an average daily trading volume, of 609,300 shares, the short-interest ratio is presently 0.1 days.

Virtus Convertible & Income Fund Trading Down 0.3 %

NYSE NCV opened at $3.27 on Friday. Virtus Convertible & Income Fund has a 52 week low of $2.84 and a 52 week high of $3.59. The company has a 50 day moving average price of $3.21 and a 200 day moving average price of $3.25.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 30th. Stockholders 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 dividend yield of 12.48%. The ex-dividend date is Thursday, July 11th.

Institutional Trading of Virtus Convertible & Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its position 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 purchasing an additional 5,716 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Virtus Convertible & Income Fund during the fourth quarter worth about $34,000. Hartline Investment Corp purchased a new stake in Virtus Convertible & Income Fund in the first quarter valued at approximately $35,000. Coldstream Capital Management Inc. acquired a new position in Virtus Convertible & Income Fund in the 4th quarter worth approximately $37,000. Finally, Occidental Asset Management LLC purchased a new position 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.