Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Down 38.8% in May

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 10,489 shares, a drop of 38.8% from the April 30th total of 17,137 shares. Based on an average daily trading volume, of 106,962 shares, the short-interest ratio is presently 0.1 days.

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE NCZ opened at $15.75 on Friday. 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 $14.93 and its 200 day moving average is $14.44.

Virtus Convertible & Income Fund II Announces Dividend

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 issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, August 13th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Large investors have recently modified their holdings of the company. Saba Capital Management L.P. bought a new position in Virtus Convertible & Income Fund II during the 1st quarter worth approximately $4,717,000. Penserra Capital Management LLC grew its position in Virtus Convertible & Income Fund II by 89.3% during the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after acquiring an additional 246,902 shares during the last quarter. Advisors Asset Management Inc. grew its position in Virtus Convertible & Income Fund II by 22.9% during the 4th quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock worth $14,499,000 after acquiring an additional 196,305 shares during the last quarter. Guggenheim Capital LLC grew its position in Virtus Convertible & Income Fund II by 85.5% during the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after acquiring an additional 103,556 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Virtus Convertible & Income Fund II by 94.2% during the 3rd quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock worth $1,713,000 after acquiring an additional 60,736 shares during the last quarter.

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.