Short Interest in Virtus Convertible & Income Fund (NYSE:NCV) Rises By 164.1%

Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,091 shares, an increase of 164.1% from the August 15th total of 6,471 shares. Based on an average daily trading volume, of 43,072 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Virtus Convertible & Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of NCV. Trust Co. of Vermont acquired a new position in shares of Virtus Convertible & Income Fund during the 2nd quarter worth approximately $29,000. Fifth Third Bancorp bought a new position in shares of Virtus Convertible & Income Fund in the first quarter valued at about $46,000. Integrated Wealth Concepts LLC bought a new stake in shares of Virtus Convertible & Income Fund during the 2nd quarter worth about $82,000. Global Retirement Partners LLC grew its stake in Virtus Convertible & Income Fund by 372.7% in the 4th quarter. Global Retirement Partners LLC now owns 8,404 shares of the investment management company’s stock valued at $127,000 after buying an additional 6,626 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Virtus Convertible & Income Fund during the second quarter worth approximately $155,000.

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Virtus Convertible & Income Fund Trading Up 0.1%

Shares of NCV stock opened at $16.18 on Friday. The company has a fifty day moving average price of $16.80 and a two-hundred day moving average price of $16.59. Virtus Convertible & Income Fund has a one year low of $14.46 and a one year high of $17.65.

Virtus Convertible & Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be paid a $0.136 dividend. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Thursday, November 12th.

Virtus Convertible & Income Fund Company Profile

(Get Free Report)

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.

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