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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 243,900 shares, a decrease of 21.7% from the November 15th total of 311,600 shares. Based on an average daily trading volume, of 414,600 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of institutional investors have recently added to or reduced their stakes in NCZ. Sequoia Financial Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the 3rd quarter valued at approximately $40,000. Greenleaf Trust acquired a new position in Virtus Convertible & Income Fund II in the third quarter valued at approximately $77,000. Integrated Capital Management Inc. grew its position in Virtus Convertible & Income Fund II by 6.0% in the third quarter. Integrated Capital Management Inc. now owns 81,897 shares of the investment management company’s stock worth $255,000 after acquiring an additional 4,646 shares during the period. Choreo LLC acquired a new stake in Virtus Convertible & Income Fund II during the second quarter worth $211,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in Virtus Convertible & Income Fund II in the second quarter valued at $100,000.

Virtus Convertible & Income Fund II Stock Performance

NCZ traded down $0.01 on Friday, reaching $3.28. 238,664 shares of the company’s stock were exchanged, compared to its average volume of 479,953. Virtus Convertible & Income Fund II has a twelve month low of $2.70 and a twelve month high of $3.36. The stock’s fifty day moving average price is $3.18 and its 200-day moving average price is $3.04.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 43.90%.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.