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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 26,290 shares, a drop of 19.0% from the December 15th total of 32,474 shares. Based on an average daily trading volume, of 42,881 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 42,881 shares, the days-to-cover ratio is currently 0.6 days.

Virtus Convertible & Income Fund II Stock Down 0.8%

Shares of NYSE NCZ traded down $0.11 during trading on Tuesday, reaching $14.06. 69,545 shares of the stock traded hands, compared to its average volume of 118,774. Virtus Convertible & Income Fund II has a 52-week low of $10.23 and a 52-week high of $14.44. The company has a 50-day moving average of $13.91 and a 200-day moving average of $13.67.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Capital Management Inc. bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter valued at $236,000. Advisors Asset Management Inc. increased its holdings in shares of Virtus Convertible & Income Fund II by 12.9% in the second quarter. Advisors Asset Management Inc. now owns 796,769 shares of the investment management company’s stock worth $10,231,000 after purchasing an additional 90,765 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the third quarter worth $1,261,000. Osaic Holdings Inc. boosted its stake in Virtus Convertible & Income Fund II by 60.5% during the second quarter. Osaic Holdings Inc. now owns 124,630 shares of the investment management company’s stock valued at $1,600,000 after buying an additional 46,983 shares during the period. Finally, Penserra Capital Management LLC grew its position in Virtus Convertible & Income Fund II by 3.0% during the second quarter. Penserra Capital Management LLC now owns 276,476 shares of the investment management company’s stock worth $3,549,000 after buying an additional 8,149 shares in 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.