Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) Short Interest Up 46.0% in June

Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 23,500 shares, an increase of 46.0% from the May 31st total of 16,100 shares. Based on an average daily trading volume, of 51,600 shares, the short-interest ratio is currently 0.5 days.

Virtus Convertible & Income 2024 Target Term Fund Stock Performance

CBH stock remained flat at $9.01 on Friday. 16,426 shares of the company were exchanged, compared to its average volume of 49,686. Virtus Convertible & Income 2024 Target Term Fund has a fifty-two week low of $8.40 and a fifty-two week high of $9.03. The company has a 50 day simple moving average of $8.93 and a two-hundred day simple moving average of $8.83.

Institutional Trading of Virtus Convertible & Income 2024 Target Term Fund

Several hedge funds and other institutional investors have recently bought and sold shares of CBH. StoneX Group Inc. bought a new stake in shares of Virtus Convertible & Income 2024 Target Term Fund in the 4th quarter valued at approximately $623,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Virtus Convertible & Income 2024 Target Term Fund in the 1st quarter valued at $156,000. Bulldog Investors LLP bought a new stake in shares of Virtus Convertible & Income 2024 Target Term Fund in the 4th quarter worth about $149,000. Signaturefd LLC increased its position in shares of Virtus Convertible & Income 2024 Target Term Fund by 7,617.4% during the 4th quarter. Signaturefd LLC now owns 10,187 shares of the company’s stock worth $89,000 after purchasing an additional 10,055 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Virtus Convertible & Income 2024 Target Term Fund by 1.7% during the 3rd quarter. Stifel Financial Corp now owns 359,115 shares of the company’s stock valued at $3,153,000 after purchasing an additional 5,833 shares during the last quarter.

Virtus Convertible & Income 2024 Target Term Fund Company Profile

Virtus Convertible & Income 2024 Target Term Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity and fixed incomes markets of the United States. It invests in stocks of companies operating across diversified sectors.