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

Virtus Convertible & Income Fund II (NYSE:NCZ) 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

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 12.37%. The ex-dividend date is Friday, April 11th.

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.