Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Decreases By 64.2%

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 28,362 shares, a decrease of 64.2% from the July 15th total of 79,132 shares. Based on an average trading volume of 87,055 shares, the days-to-cover ratio is presently 0.3 days.

Virtus Convertible & Income Fund II Stock Up 0.4%

Virtus Convertible & Income Fund II stock traded up $0.07 during midday trading on Friday, hitting $16.16. 40,639 shares of the company’s stock were exchanged, compared to its average volume of 74,147. The firm has a 50-day moving average of $15.57 and a two-hundred day moving average of $15.01. Virtus Convertible & Income Fund II has a 12 month low of $12.95 and a 12 month high of $16.17.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in Virtus Convertible & Income Fund II by 22.9% during the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after purchasing an additional 196,305 shares in the last quarter. Saba Capital Management L.P. bought a new stake in shares of Virtus Convertible & Income Fund II in the 1st quarter valued at about $4,717,000. LPL Financial LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 20.7% in the 4th quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock valued at $3,728,000 after buying an additional 46,388 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Virtus Convertible & Income Fund II by 85.5% in the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after buying an additional 103,556 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC grew its position in shares of Virtus Convertible & Income Fund II by 19.5% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 144,549 shares of the investment management company’s stock worth $1,992,000 after buying an additional 23,539 shares during the last quarter.

About Virtus Convertible & Income Fund II

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.