Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Declines By 18.4%

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 22,618 shares, a decline of 18.4% from the January 15th total of 27,716 shares. Based on an average daily volume of 113,400 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 113,400 shares, the days-to-cover ratio is currently 0.2 days.

Virtus Convertible & Income Fund II Price Performance

Shares of Virtus Convertible & Income Fund II stock traded up $0.10 during midday trading on Monday, hitting $14.91. 38,919 shares of the company were exchanged, compared to its average volume of 90,271. The firm has a 50 day simple moving average of $14.22 and a 200-day simple moving average of $13.90. Virtus Convertible & Income Fund II has a 52 week low of $10.23 and a 52 week high of $14.98.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Thursday, February 12th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

Institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of Virtus Convertible & Income Fund II by 22.9% in the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after acquiring an additional 196,305 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Virtus Convertible & Income Fund II by 89.3% during the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock valued at $7,159,000 after purchasing an additional 246,902 shares in the last quarter. Congress Park Capital LLC raised its position in Virtus Convertible & Income Fund II by 1.6% in the 4th quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock valued at $7,167,000 after purchasing an additional 8,321 shares during the last quarter. LPL Financial LLC boosted its stake in Virtus Convertible & Income Fund II by 20.7% in the fourth quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock worth $3,728,000 after purchasing an additional 46,388 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 19.5% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 144,549 shares of the investment management company’s stock worth $1,992,000 after purchasing an additional 23,539 shares during the last quarter.

Virtus Convertible & Income Fund II Company Profile

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.