Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Up 208.6% in August

Posted by Stanley Muller on Aug 27th, 2026

Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 87,511 shares, an increase of 208.6% from the July 30th total of 28,362 shares. Based on an average daily trading volume, of 62,671 shares, the days-to-cover ratio is presently 1.4 days.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ traded up $0.22 during mid-day trading on Thursday, hitting $15.66. 38,575 shares of the company traded hands, compared to its average volume of 72,279. The business has a 50-day moving average of $15.58 and a 200 day moving average of $15.08. Virtus Convertible & Income Fund II has a one year low of $12.95 and a one year high of $16.17.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, August 13th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Several hedge funds have recently added to or reduced their stakes in NCZ. Invesco Ltd. raised its position in shares of Virtus Convertible & Income Fund II by 18.4% in the 2nd quarter. Invesco Ltd. now owns 97,958 shares of the investment management company’s stock valued at $1,258,000 after acquiring an additional 15,243 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its stake in Virtus Convertible & Income Fund II by 14.7% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock worth $1,278,000 after purchasing an additional 12,777 shares during the period. Private Advisor Group LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 33.0% during the third quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock worth $701,000 after buying an additional 12,728 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Virtus Convertible & Income Fund II by 9.2% during the 3rd quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock worth $802,000 after acquiring an additional 4,954 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Virtus Convertible & Income Fund II by 94.2% in the 3rd quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock valued at $1,713,000 after buying an additional 60,736 shares during the last quarter.

About Virtus Convertible & Income Fund II

(Get Free Report)

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.