Short Interest in Virtus Convertible & Income Fund (NYSE:NCV) Decreases By 86.9%

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 7,900 shares, a decrease of 86.9% from the January 31st total of 60,500 shares. Based on an average daily volume of 141,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in Virtus Convertible & Income Fund during the 3rd quarter valued at approximately $35,000. International Assets Investment Management LLC lifted its holdings in shares of Virtus Convertible & Income Fund by 250.0% during the third quarter. International Assets Investment Management LLC now owns 8,442 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 6,030 shares during the last quarter. Fortitude Family Office LLC raised its holdings in Virtus Convertible & Income Fund by 33.9% in the 3rd quarter. Fortitude Family Office LLC now owns 13,387 shares of the investment management company’s stock worth $47,000 after acquiring an additional 3,387 shares during the last quarter. William Howard & Co Financial Advisors Inc purchased a new position in Virtus Convertible & Income Fund in the 3rd quarter worth approximately $94,000. Finally, Thrivent Financial for Lutherans raised its holdings in Virtus Convertible & Income Fund by 61.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 158,200 shares of the investment management company’s stock worth $554,000 after acquiring an additional 60,000 shares during the last quarter.

Virtus Convertible & Income Fund Price Performance

Shares of Virtus Convertible & Income Fund stock traded up $0.16 during trading hours on Friday, reaching $13.66. The company had a trading volume of 34,341 shares, compared to its average volume of 142,230. Virtus Convertible & Income Fund has a one year low of $12.06 and a one year high of $14.92. The business has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $14.04.

Virtus Convertible & Income Fund Company Profile

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.