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

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 16,066 shares, a growth of 61.9% from the November 30th total of 9,922 shares. Based on an average daily volume of 74,763 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 74,763 shares, the days-to-cover ratio is currently 0.2 days.

Virtus Convertible & Income Fund Stock Performance

Shares of Virtus Convertible & Income Fund stock traded down $0.06 on Friday, hitting $15.43. The stock had a trading volume of 46,597 shares, compared to its average volume of 99,729. The stock has a 50 day moving average of $15.30 and a 200 day moving average of $14.82. Virtus Convertible & Income Fund has a twelve month low of $11.51 and a twelve month high of $15.83.

Virtus Convertible & Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.136 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Institutional Trading of Virtus Convertible & Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. lifted its holdings in Virtus Convertible & Income Fund by 96.1% during the 1st quarter. Landscape Capital Management L.L.C. now owns 71,727 shares of the investment management company’s stock worth $927,000 after buying an additional 35,146 shares during the period. WPG Advisers LLC bought a new position in shares of Virtus Convertible & Income Fund during the first quarter worth about $25,000. Geneos Wealth Management Inc. lifted its stake in shares of Virtus Convertible & Income Fund by 41.4% in the first quarter. Geneos Wealth Management Inc. now owns 8,493 shares of the investment management company’s stock worth $110,000 after acquiring an additional 2,488 shares during the period. Congress Park Capital LLC bought a new stake in Virtus Convertible & Income Fund in the second quarter valued at approximately $7,722,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Virtus Convertible & Income Fund during the 2nd quarter valued at approximately $287,000.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.