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

Virtus Convertible & Income Fund (NYSE:NCV) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 7,900 shares, a drop of 86.9% from the January 31st total of 60,500 shares. Based on an average trading volume of 141,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCV. International Assets Investment Management LLC raised its stake in Virtus Convertible & Income Fund by 250.0% in the 3rd quarter. International Assets Investment Management LLC now owns 8,442 shares of the investment management company’s stock worth $30,000 after acquiring an additional 6,030 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 3rd quarter valued at about $35,000. Jane Street Group LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 3rd quarter valued at about $36,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 4th quarter valued at about $37,000. Finally, Meridian Wealth Management LLC purchased a new position in shares of Virtus Convertible & Income Fund during the 4th quarter valued at about $43,000.

Virtus Convertible & Income Fund Stock Performance

NCV stock traded up $0.17 during midday trading on Friday, reaching $13.67. The stock had a trading volume of 60,706 shares, compared to its average volume of 142,951. The firm has a fifty day simple moving average of $14.09 and a two-hundred day simple moving average of $14.04. Virtus Convertible & Income Fund has a 52-week low of $12.06 and a 52-week high of $14.92.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.