Short Interest in Virtus Convertible & Income Fund (NYSE:NCV) Increases By 24.4%

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 51,913 shares, a growth of 24.4% from the March 15th total of 41,747 shares. Based on an average daily trading volume, of 85,507 shares, the days-to-cover ratio is presently 0.6 days.

Virtus Convertible & Income Fund Stock Up 0.4%

NYSE NCV traded up $0.06 during trading on Thursday, reaching $16.21. 91,596 shares of the company’s stock were exchanged, compared to its average volume of 112,432. The company has a 50 day moving average price of $15.77 and a two-hundred day moving average price of $15.55. Virtus Convertible & Income Fund has a 1 year low of $12.22 and a 1 year high of $16.70.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be paid a dividend of $0.136 per share. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a yield of 10.1%.

Institutional Trading of Virtus Convertible & Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its position in shares of Virtus Convertible & Income Fund by 3.2% during the 2nd quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock worth $1,110,000 after buying an additional 2,388 shares during the last quarter. Jane Street Group LLC acquired a new stake in Virtus Convertible & Income Fund during the 2nd quarter worth $155,000. Osaic Holdings Inc. raised its stake in Virtus Convertible & Income Fund by 66.1% during the 2nd quarter. Osaic Holdings Inc. now owns 89,247 shares of the investment management company’s stock worth $1,267,000 after acquiring an additional 35,526 shares in the last quarter. Congress Park Capital LLC lifted its position in Virtus Convertible & Income Fund by 16.6% in the third quarter. Congress Park Capital LLC now owns 633,850 shares of the investment management company’s stock valued at $9,508,000 after acquiring an additional 90,027 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in Virtus Convertible & Income Fund by 649.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 6,749 shares of the investment management company’s stock valued at $101,000 after acquiring an additional 5,849 shares during the last quarter.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.