Virtus Convertible & Income Fund (NYSE:NCV) Sees Significant Growth in Short Interest

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 16,066 shares, an increase of 61.9% from the November 30th total of 9,922 shares. Based on an average daily trading volume, of 74,763 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 74,763 shares, the short-interest ratio is currently 0.2 days.

Virtus Convertible & Income Fund Price Performance

NCV traded up $0.01 during trading on Tuesday, hitting $15.41. The company’s stock had a trading volume of 56,477 shares, compared to its average volume of 99,593. Virtus Convertible & Income Fund has a twelve month low of $11.51 and a twelve month high of $15.83. The stock’s fifty day moving average price is $15.30 and its 200-day moving average price is $14.84.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a $0.136 dividend. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Thursday, February 12th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Several institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC grew its stake in shares of Virtus Convertible & Income Fund by 0.3% in the 3rd quarter. Penserra Capital Management LLC now owns 621,398 shares of the investment management company’s stock valued at $9,320,000 after buying an additional 1,724 shares during the period. WPG Advisers LLC bought a new position in shares of Virtus Convertible & Income Fund in the 1st quarter worth $25,000. Raymond James Financial Inc. grew its position in Virtus Convertible & Income Fund by 3.2% in the 2nd quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock valued at $1,110,000 after purchasing an additional 2,388 shares during the period. Geneos Wealth Management Inc. grew its position in Virtus Convertible & Income Fund by 41.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,493 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 2,488 shares during the period. Finally, Bank of America Corp DE increased its stake in Virtus Convertible & Income Fund by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 263,876 shares of the investment management company’s stock valued at $3,958,000 after purchasing an additional 2,669 shares in 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.