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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 107,400 shares, a decrease of 30.5% from the February 13th total of 154,500 shares. Based on an average daily volume of 91,300 shares, the days-to-cover ratio is currently 1.2 days.

Virtus Convertible & Income Fund II Trading Up 1.3 %

Virtus Convertible & Income Fund II stock opened at $11.64 on Friday. Virtus Convertible & Income Fund II has a one year low of $10.80 and a one year high of $13.44. The stock has a fifty day moving average of $12.65 and a 200 day moving average of $12.58.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 12.37%. The ex-dividend date is Friday, April 11th.

Institutional Trading of Virtus Convertible & Income Fund II

Hedge funds have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. increased its position in Virtus Convertible & Income Fund II by 6.0% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 22,721 shares of the investment management company’s stock worth $71,000 after buying an additional 1,291 shares in the last quarter. Ionic Capital Management LLC increased its position in Virtus Convertible & Income Fund II by 221.7% in the fourth quarter. Ionic Capital Management LLC now owns 154,827 shares of the investment management company’s stock worth $485,000 after buying an additional 106,694 shares in the last quarter. Jane Street Group LLC purchased a new stake in Virtus Convertible & Income Fund II in the fourth quarter worth about $32,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Virtus Convertible & Income Fund II in the fourth quarter worth about $26,000. Finally, Walleye Capital LLC purchased a new stake in Virtus Convertible & Income Fund II in the fourth quarter worth about $50,000.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.