Virtus Equity & Convertible Income Fund (NYSE:NIE) Short Interest Update

Posted by George Bondi on Sep 14th, 2026

Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,425 shares, a drop of 58.7% from the August 15th total of 13,145 shares. Based on an average trading volume of 56,632 shares, the days-to-cover ratio is presently 0.1 days.

Virtus Equity & Convertible Income Fund Stock Performance

NYSE:NIE traded down $0.82 on Monday, hitting $25.18. 78,407 shares of the stock were exchanged, compared to its average volume of 62,243. The stock has a fifty day moving average of $26.23 and a 200-day moving average of $25.79. Virtus Equity & Convertible Income Fund has a fifty-two week low of $22.78 and a fifty-two week high of $27.24.

Virtus Equity & Convertible Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.58 per share. The ex-dividend date is Monday, September 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 9.2%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Virtus Equity & Convertible Income Fund by 0.7% during the first quarter. Royal Bank of Canada now owns 575,167 shares of the company’s stock valued at $13,435,000 after buying an additional 4,007 shares in the last quarter. Saba Capital Management L.P. raised its stake in shares of Virtus Equity & Convertible Income Fund by 21.2% in the 1st quarter. Saba Capital Management L.P. now owns 361,316 shares of the company’s stock valued at $8,440,000 after acquiring an additional 63,116 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in shares of Virtus Equity & Convertible Income Fund by 1.1% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 216,008 shares of the company’s stock valued at $5,383,000 after acquiring an additional 2,299 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Virtus Equity & Convertible Income Fund during the 2nd quarter valued at $3,272,000. Finally, World Investment Advisors boosted its position in Virtus Equity & Convertible Income Fund by 11.6% during the 1st quarter. World Investment Advisors now owns 117,859 shares of the company’s stock worth $2,753,000 after purchasing an additional 12,273 shares during the period.

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.