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

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 87,511 shares, a growth of 208.6% from the July 30th total of 28,362 shares. Based on an average trading volume of 62,671 shares, the short-interest ratio is currently 1.4 days.

Virtus Convertible & Income Fund II Trading Down 1.2%

Shares of Virtus Convertible & Income Fund II stock traded down $0.18 during trading hours on Friday, reaching $15.47. 35,846 shares of the company’s stock were exchanged, compared to its average volume of 72,120. Virtus Convertible & Income Fund II has a 52-week low of $12.95 and a 52-week high of $16.17. The company has a fifty day moving average of $15.57 and a 200-day moving average of $15.09.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a yield of 9.3%.

Institutional Trading of Virtus Convertible & Income Fund II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its position in shares of Virtus Convertible & Income Fund II by 2.1% in the first quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock worth $593,000 after acquiring an additional 915 shares during the last quarter. PFG Investments LLC grew its holdings in Virtus Convertible & Income Fund II by 19.5% in the first quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock valued at $183,000 after purchasing an additional 2,220 shares during the period. Susquehanna International Group LLP increased its position in Virtus Convertible & Income Fund II by 5.3% during the third quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock worth $850,000 after purchasing an additional 3,141 shares during the last quarter. Private Advisor Group LLC increased its position in Virtus Convertible & Income Fund II by 9.3% during the first quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock worth $777,000 after purchasing an additional 4,950 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Virtus Convertible & Income Fund II by 9.2% during the third quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock worth $802,000 after purchasing an additional 4,954 shares during the period.

Virtus Convertible & Income Fund II Company Profile

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.