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

Virtus Equity & Convertible Income Fund (NYSE:NIE) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 22,900 shares, a decline of 49.4% from the February 13th total of 45,300 shares. Based on an average daily volume of 62,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Virtus Equity & Convertible Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in Virtus Equity & Convertible Income Fund by 2.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 46,937 shares of the company’s stock worth $1,157,000 after buying an additional 985 shares in the last quarter. CoreCap Advisors LLC grew its position in Virtus Equity & Convertible Income Fund by 32,400.0% during the fourth quarter. CoreCap Advisors LLC now owns 1,300 shares of the company’s stock worth $32,000 after buying an additional 1,296 shares in the last quarter. Baird Financial Group Inc. grew its position in Virtus Equity & Convertible Income Fund by 1.5% during the fourth quarter. Baird Financial Group Inc. now owns 26,287 shares of the company’s stock worth $648,000 after buying an additional 400 shares in the last quarter. Stifel Financial Corp grew its position in Virtus Equity & Convertible Income Fund by 13.1% during the fourth quarter. Stifel Financial Corp now owns 27,017 shares of the company’s stock worth $666,000 after buying an additional 3,129 shares in the last quarter. Finally, Guggenheim Capital LLC grew its position in Virtus Equity & Convertible Income Fund by 2.2% during the fourth quarter. Guggenheim Capital LLC now owns 491,981 shares of the company’s stock worth $12,132,000 after buying an additional 10,789 shares in the last quarter.

Virtus Equity & Convertible Income Fund Trading Up 1.3 %

Shares of Virtus Equity & Convertible Income Fund stock traded up $0.29 during trading on Friday, reaching $22.14. The company’s stock had a trading volume of 50,548 shares, compared to its average volume of 63,825. The business’s fifty day moving average price is $24.29 and its 200-day moving average price is $23.82. Virtus Equity & Convertible Income Fund has a one year low of $20.75 and a one year high of $25.44.

Virtus Equity & Convertible Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.03%.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.