Short Interest in Virtus Convertible & Income Fund (NYSE:NCV) Declines By 80.5%

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 18,154 shares, a decrease of 80.5% from the July 15th total of 93,145 shares. Based on an average daily trading volume, of 115,346 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NCV. Trust Co. of Vermont acquired a new position in shares of Virtus Convertible & Income Fund during the second quarter worth $29,000. Fifth Third Bancorp acquired a new position in shares of Virtus Convertible & Income Fund during the first quarter worth approximately $46,000. Global Retirement Partners LLC lifted its holdings in shares of Virtus Convertible & Income Fund by 372.7% in the fourth quarter. Global Retirement Partners LLC now owns 8,404 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 6,626 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Virtus Convertible & Income Fund in the 2nd quarter worth approximately $155,000. Finally, Alteri Wealth LLC lifted its stake in Virtus Convertible & Income Fund by 9.1% in the fourth quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 946 shares during the last quarter.

Virtus Convertible & Income Fund Stock Up 0.2%

NYSE:NCV traded up $0.04 during trading hours on Friday, hitting $17.32. 33,525 shares of the stock were exchanged, compared to its average volume of 94,014. Virtus Convertible & Income Fund has a twelve month low of $14.27 and a twelve month high of $17.65. The company’s 50 day moving average is $17.09 and its two-hundred day moving average is $16.54.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.136 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.4%.

About Virtus Convertible & Income Fund

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.