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

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

Virtus Convertible & Income Fund II Price Performance

Virtus Convertible & Income Fund II stock traded up $0.25 during trading on Friday, hitting $15.65. The stock had a trading volume of 72,862 shares, compared to its average volume of 76,738. Virtus Convertible & Income Fund II has a 1 year low of $12.15 and a 1 year high of $15.99. The stock’s 50 day moving average is $15.16 and its two-hundred day moving average is $14.52.

Virtus Convertible & Income Fund II Dividend Announcement

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

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Several institutional investors have recently bought and sold shares of NCZ. Saba Capital Management L.P. purchased a new position in Virtus Convertible & Income Fund II in the first quarter valued at approximately $4,717,000. Advisors Asset Management Inc. lifted its stake in 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. Guggenheim Capital LLC lifted its stake in Virtus Convertible & Income Fund II by 85.5% in the fourth quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock valued at $3,095,000 after purchasing an additional 103,556 shares during the last quarter. Bank of America Corp DE lifted its stake in Virtus Convertible & Income Fund II by 94.2% in the third quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock valued at $1,713,000 after purchasing an additional 60,736 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in Virtus Convertible & Income Fund II by 20.7% in the fourth quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock valued at $3,728,000 after purchasing an additional 46,388 shares during the last quarter.

About Virtus Convertible & Income Fund II

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.