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

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 79,989 shares, a growth of 54.1% from the March 31st total of 51,913 shares. Based on an average daily trading volume, of 106,694 shares, the short-interest ratio is presently 0.7 days.

Virtus Convertible & Income Fund Stock Performance

Virtus Convertible & Income Fund stock traded up $0.03 during mid-day trading on Wednesday, reaching $16.51. 66,628 shares of the company’s stock were exchanged, compared to its average volume of 108,030. The business’s fifty day simple moving average is $15.78 and its 200 day simple moving average is $15.62. Virtus Convertible & Income Fund has a one year low of $12.82 and a one year high of $16.70.

Virtus Convertible & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a $0.136 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Monday, May 11th.

Institutional Trading of Virtus Convertible & Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC raised its position in shares of Virtus Convertible & Income Fund by 649.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 6,749 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 5,849 shares during the period. Global Retirement Partners LLC raised its position 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 during the period. Jane Street Group LLC bought a new stake in shares of Virtus Convertible & Income Fund in the second quarter valued at approximately $155,000. Alteri Wealth LLC raised its position in shares of 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 period. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter valued at approximately $179,000.

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.