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

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 7,589 shares, a drop of 52.8% from the December 15th total of 16,066 shares. Based on an average daily trading volume, of 98,922 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 98,922 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Congress Park Capital LLC bought a new stake in Virtus Convertible & Income Fund during the 2nd quarter valued at $7,722,000. Cornerstone Advisors LLC bought a new position in Virtus Convertible & Income Fund in the second quarter worth $1,580,000. Guggenheim Capital LLC bought a new stake in shares of Virtus Convertible & Income Fund during the 2nd quarter valued at $1,427,000. Park Avenue Securities LLC bought a new position in shares of Virtus Convertible & Income Fund during the third quarter valued at approximately $1,312,000. Finally, Wolverine Asset Management LLC boosted its position in shares of Virtus Convertible & Income Fund by 49.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 255,754 shares of the investment management company’s stock worth $3,632,000 after purchasing an additional 84,732 shares in the last quarter.

Virtus Convertible & Income Fund Price Performance

Shares of NCV traded up $0.04 during trading hours on Wednesday, hitting $15.69. The company’s stock had a trading volume of 151,125 shares, compared to its average volume of 129,825. The business has a 50 day simple moving average of $15.31 and a two-hundred day simple moving average of $14.99. Virtus Convertible & Income Fund has a 52-week low of $11.51 and a 52-week high of $15.83.

Virtus Convertible & Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be given a $0.136 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 10.4%.

About Virtus Convertible & Income Fund

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.