Short Interest in Virtus Equity & Convertible Income Fund (NYSE:NIE) Rises By 231.7%

Posted by Brenda Bartman on May 14th, 2026

Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 19,547 shares, a growth of 231.7% from the April 15th total of 5,893 shares. Based on an average daily volume of 58,306 shares, the days-to-cover ratio is presently 0.3 days.

Virtus Equity & Convertible Income Fund Stock Performance

NIE stock traded up $0.17 during trading on Thursday, hitting $26.96. The company had a trading volume of 36,940 shares, compared to its average volume of 60,500. The business has a 50 day moving average of $24.84 and a 200 day moving average of $25.18. Virtus Equity & Convertible Income Fund has a fifty-two week low of $22.74 and a fifty-two week high of $27.02.

Virtus Equity & Convertible Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.00 annualized dividend and a yield of 7.4%.

Institutional Investors Weigh In On Virtus Equity & Convertible Income Fund

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Virtus Equity & Convertible Income Fund by 9.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,925 shares of the company’s stock valued at $153,000 after acquiring an additional 617 shares during the last quarter. Walleye Capital LLC acquired a new stake in Virtus Equity & Convertible Income Fund in the 2nd quarter valued at about $235,000. Ameriprise Financial Inc. lifted its holdings in Virtus Equity & Convertible Income Fund by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,473 shares of the company’s stock valued at $848,000 after acquiring an additional 3,399 shares during the last quarter. CWM LLC lifted its holdings in Virtus Equity & Convertible Income Fund by 73.3% in the 3rd quarter. CWM LLC now owns 3,327 shares of the company’s stock valued at $84,000 after acquiring an additional 1,407 shares during the last quarter. Finally, David J Yvars Group lifted its holdings in Virtus Equity & Convertible Income Fund by 90.9% in the 3rd quarter. David J Yvars Group now owns 17,521 shares of the company’s stock valued at $440,000 after acquiring an additional 8,341 shares during the last quarter.

Virtus Equity & Convertible Income Fund Company Profile

(Get Free Report)

Virtus Equity & Convertible Income Fund (NYSE:NIE) is a diversified, closed-end management investment company designed to provide shareholders with a combination of current income and capital appreciation. The fund seeks to achieve its objectives by investing predominantly in convertible securities of U.S. and non-U.S. issuers alongside selected common stocks. Leveraging the hybrid characteristics of convertibles, the fund aims to capture income potential while maintaining exposure to equity market upside.

The fund’s investment strategy centers on a flexible allocation between fixed-income and equity components, with portfolio managers conducting rigorous credit and equity research to identify issuers offering attractive risk-reward profiles.

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