Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 107,400 shares, a drop of 30.5% from the February 13th total of 154,500 shares. Based on an average daily volume of 91,300 shares, the days-to-cover ratio is currently 1.2 days.
Institutional Trading of Virtus Convertible & Income Fund II
Several institutional investors have recently made changes to their positions in NCZ. Marshall & Sterling Wealth Advisors Inc. bought a new position in Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $26,000. Jane Street Group LLC bought a new position in Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $32,000. Walleye Capital LLC bought a new position in Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $50,000. Illumine Investment Management LLC bought a new position in Virtus Convertible & Income Fund II during the fourth quarter valued at approximately $59,000. Finally, Virtu Financial LLC boosted its stake in Virtus Convertible & Income Fund II by 44.2% during the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock valued at $63,000 after buying an additional 6,176 shares during the last quarter.
Virtus Convertible & Income Fund II Trading Up 1.3 %
NYSE:NCZ opened at $11.64 on Friday. Virtus Convertible & Income Fund II has a 12-month low of $10.80 and a 12-month high of $13.44. The stock has a 50-day moving average price of $12.65 and a 200 day moving average price of $12.58.
Virtus Convertible & Income Fund II Dividend Announcement
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.
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