Virtus Diversified Income & Convertible Fund (NYSE:ACV) Sees Significant Decrease in Short Interest

Virtus Diversified Income & Convertible Fund (NYSE:ACV) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 9,000 shares, a drop of 64.0% from the January 31st total of 25,000 shares. Based on an average daily volume of 27,900 shares, the short-interest ratio is presently 0.3 days.

Virtus Diversified Income & Convertible Fund Price Performance

Shares of NYSE ACV traded up $0.03 during midday trading on Friday, reaching $21.51. The company’s stock had a trading volume of 26,420 shares, compared to its average volume of 30,757. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $19.57 and a fifty-two week high of $24.50. The stock has a 50 day simple moving average of $22.41 and a 200-day simple moving average of $21.88.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund in the fourth quarter valued at $41,000. LPL Financial LLC grew its stake in shares of Virtus Diversified Income & Convertible Fund by 1.4% in the fourth quarter. LPL Financial LLC now owns 279,527 shares of the consumer goods maker’s stock valued at $6,136,000 after buying an additional 3,900 shares in the last quarter. Raymond James & Associates grew its stake in shares of Virtus Diversified Income & Convertible Fund by 5.0% in the third quarter. Raymond James & Associates now owns 136,344 shares of the consumer goods maker’s stock valued at $2,926,000 after buying an additional 6,441 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Virtus Diversified Income & Convertible Fund by 12.0% in the fourth quarter. Wolverine Asset Management LLC now owns 135,942 shares of the consumer goods maker’s stock valued at $2,984,000 after buying an additional 14,569 shares in the last quarter. Finally, World Equity Group Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund in the third quarter valued at $313,000.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.