Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Update

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 22,325 shares, an increase of 112.8% from the May 14th total of 10,489 shares. Based on an average daily volume of 71,921 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Virtus Convertible & Income Fund II

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 171.7% in the fourth quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock valued at $727,000 after purchasing an additional 33,324 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 33.0% in the third quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock valued at $701,000 after purchasing an additional 12,728 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Virtus Convertible & Income Fund II by 5.3% in the third quarter. Susquehanna International Group LLP now owns 62,111 shares of the investment management company’s stock valued at $850,000 after purchasing an additional 3,141 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 14.7% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 99,500 shares of the investment management company’s stock valued at $1,278,000 after purchasing an additional 12,777 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Virtus Convertible & Income Fund II by 22.9% in the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after purchasing an additional 196,305 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ stock traded up $0.25 on Friday, hitting $15.65. The stock had a trading volume of 72,862 shares, compared to its average volume of 76,738. The business has a 50 day moving average of $15.16 and a 200 day moving average of $14.51. Virtus Convertible & Income Fund II has a 12-month low of $12.15 and a 12-month high of $15.99.

Virtus Convertible & Income Fund II Announces Dividend

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

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.