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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 32,474 shares, a growth of 94.3% from the November 30th total of 16,715 shares. Based on an average trading volume of 42,070 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 42,070 shares, the days-to-cover ratio is presently 0.8 days.

Virtus Convertible & Income Fund II Stock Performance

Shares of Virtus Convertible & Income Fund II stock traded down $0.07 during trading on Friday, reaching $14.06. The company had a trading volume of 29,867 shares, compared to its average volume of 70,099. Virtus Convertible & Income Fund II has a fifty-two week low of $10.23 and a fifty-two week high of $14.44. The firm’s fifty day moving average is $13.89 and its 200-day moving average is $13.48.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a yield of 10.2%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several institutional investors and hedge funds have recently bought and sold shares of NCZ. WPG Advisers LLC bought a new position in shares of Virtus Convertible & Income Fund II during the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its position in Virtus Convertible & Income Fund II by 56.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,389 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 4,121 shares during the last quarter. Integrated Capital Management Inc. bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter worth about $236,000. Private Advisor Group LLC raised its holdings in shares of Virtus Convertible & Income Fund II by 33.0% during the third quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock valued at $701,000 after buying an additional 12,728 shares during the last quarter. Finally, Cornerstone Advisors LLC bought a new position in Virtus Convertible & Income Fund II in the 2nd quarter worth approximately $765,000.

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.