Short Interest in Virtus Diversified Income & Convertible Fund (NYSE:ACV) Declines By 41.8%

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 46,455 shares, a decrease of 41.8% from the January 29th total of 79,787 shares. Based on an average daily volume of 32,717 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 32,717 shares, the days-to-cover ratio is presently 1.4 days.

Virtus Diversified Income & Convertible Fund Stock Down 0.9%

ACV stock traded down $0.24 during midday trading on Friday, reaching $27.55. 13,657 shares of the company were exchanged, compared to its average volume of 27,525. The stock’s 50-day simple moving average is $27.23 and its 200 day simple moving average is $25.51. Virtus Diversified Income & Convertible Fund has a 1-year low of $17.00 and a 1-year high of $29.04.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were paid a $0.384 dividend. The ex-dividend date was Monday, December 29th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is 153.94%.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emissary Wealth LLC acquired a new stake in Virtus Diversified Income & Convertible Fund in the fourth quarter valued at approximately $2,090,000. Guggenheim Capital LLC boosted its stake in shares of Virtus Diversified Income & Convertible Fund by 19.7% in the fourth quarter. Guggenheim Capital LLC now owns 361,160 shares of the consumer goods maker’s stock valued at $9,495,000 after purchasing an additional 59,335 shares during the period. Advisors Asset Management Inc. grew its holdings in Virtus Diversified Income & Convertible Fund by 27.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 232,133 shares of the consumer goods maker’s stock valued at $5,314,000 after purchasing an additional 50,027 shares in the last quarter. PMG Family Office LLC acquired a new stake in Virtus Diversified Income & Convertible Fund during the 3rd quarter valued at $1,058,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Virtus Diversified Income & Convertible Fund during the 2nd quarter worth $560,000.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.

The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.