Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Increases By 393.0%

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 311,600 shares, a growth of 393.0% from the October 31st total of 63,200 shares. Based on an average daily volume of 446,800 shares, the days-to-cover ratio is currently 0.7 days.

Virtus Convertible & Income Fund II Stock Up 0.9 %

Shares of NYSE:NCZ traded up $0.03 during midday trading on Wednesday, reaching $3.28. 164,739 shares of the company’s stock were exchanged, compared to its average volume of 489,218. Virtus Convertible & Income Fund II has a fifty-two week low of $2.70 and a fifty-two week high of $3.32. The firm’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $3.00.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 43.90%. The ex-dividend date is Thursday, March 13th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the 3rd quarter worth approximately $40,000. Greenleaf Trust purchased a new stake in shares of Virtus Convertible & Income Fund II during the 3rd quarter worth approximately $77,000. Cetera Advisors LLC acquired a new position in Virtus Convertible & Income Fund II during the first quarter worth about $877,000. Integrated Capital Management Inc. increased its position in Virtus Convertible & Income Fund II by 6.0% during the third quarter. Integrated Capital Management Inc. now owns 81,897 shares of the investment management company’s stock worth $255,000 after buying an additional 4,646 shares in the last quarter. Finally, Choreo LLC acquired a new position in shares of Virtus Convertible & Income Fund II in the second quarter valued at approximately $211,000.

Virtus Convertible & Income Fund II Company Profile

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.