Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) 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
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.
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