Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Down 30.5% in February

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 107,400 shares, a drop of 30.5% from the February 13th total of 154,500 shares. Based on an average trading volume of 91,300 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in Virtus Convertible & Income Fund II by 5.5% in the 4th quarter. Advisors Asset Management Inc. now owns 3,093,637 shares of the investment management company’s stock valued at $9,683,000 after purchasing an additional 162,103 shares during the last quarter. Congress Park Capital LLC lifted its stake in Virtus Convertible & Income Fund II by 30.5% in the 4th quarter. Congress Park Capital LLC now owns 1,792,142 shares of the investment management company’s stock valued at $5,609,000 after purchasing an additional 418,741 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Virtus Convertible & Income Fund II by 27.2% in the 3rd quarter. Pathstone Holdings LLC now owns 1,408,269 shares of the investment management company’s stock valued at $4,381,000 after purchasing an additional 300,758 shares during the last quarter. LPL Financial LLC lifted its stake in Virtus Convertible & Income Fund II by 103.8% in the 4th quarter. LPL Financial LLC now owns 592,550 shares of the investment management company’s stock valued at $1,855,000 after purchasing an additional 301,805 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Virtus Convertible & Income Fund II by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 453,458 shares of the investment management company’s stock valued at $1,419,000 after purchasing an additional 22,805 shares during the last quarter.

Virtus Convertible & Income Fund II Stock Performance

Shares of NYSE NCZ opened at $11.72 on Tuesday. The business has a 50-day moving average of $12.63 and a 200-day moving average of $12.59. Virtus Convertible & Income Fund II has a fifty-two week low of $10.80 and a fifty-two week high of $13.44.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 12.29%. The ex-dividend date of this dividend is Friday, April 11th.

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.