Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Down 44.3% in January

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 30,655 shares, a decline of 44.3% from the January 15th total of 55,080 shares. Based on an average daily volume of 148,083 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 148,083 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Thomas J. Herzfeld Advisors Inc. acquired a new position in Virtus Convertible & Income Fund during the fourth quarter worth $2,641,000. Cornerstone Advisors LLC acquired a new stake in shares of Virtus Convertible & Income Fund in the 2nd quarter valued at $1,580,000. Congress Park Capital LLC grew its holdings in shares of Virtus Convertible & Income Fund by 16.0% in the 4th quarter. Congress Park Capital LLC now owns 735,137 shares of the investment management company’s stock worth $11,137,000 after purchasing an additional 101,287 shares during the last quarter. Guggenheim Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund in the 2nd quarter worth about $1,427,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of Virtus Convertible & Income Fund during the 3rd quarter worth about $1,312,000.

Virtus Convertible & Income Fund Stock Up 0.5%

NCV stock traded up $0.08 during midday trading on Friday, hitting $16.53. The stock had a trading volume of 64,987 shares, compared to its average volume of 135,243. Virtus Convertible & Income Fund has a 52 week low of $11.51 and a 52 week high of $16.70. The stock has a 50-day simple moving average of $15.66 and a 200 day simple moving average of $15.26.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.136 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Thursday, February 12th.

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.