Virtus Diversified Income & Convertible Fund (NYSE:ACV) Short Interest Up 56.9% in December

Virtus Diversified Income & Convertible Fund (NYSE:ACV) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 10,200 shares, a growth of 56.9% from the November 30th total of 6,500 shares. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Landscape Capital Management L.L.C. raised its stake in shares of Virtus Diversified Income & Convertible Fund by 212.6% during the third quarter. Landscape Capital Management L.L.C. now owns 44,357 shares of the consumer goods maker’s stock worth $952,000 after buying an additional 30,169 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Virtus Diversified Income & Convertible Fund by 275.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 121,373 shares of the consumer goods maker’s stock valued at $2,605,000 after acquiring an additional 89,088 shares during the last quarter. Shaker Financial Services LLC lifted its stake in shares of Virtus Diversified Income & Convertible Fund by 137.6% in the 3rd quarter. Shaker Financial Services LLC now owns 50,876 shares of the consumer goods maker’s stock valued at $1,092,000 after purchasing an additional 29,467 shares during the period. Raymond James & Associates boosted its position in shares of Virtus Diversified Income & Convertible Fund by 5.0% in the 3rd quarter. Raymond James & Associates now owns 136,344 shares of the consumer goods maker’s stock worth $2,926,000 after purchasing an additional 6,441 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Virtus Diversified Income & Convertible Fund by 2,101.5% during the third quarter. International Assets Investment Management LLC now owns 52,947 shares of the consumer goods maker’s stock worth $1,136,000 after purchasing an additional 50,542 shares during the period.

Virtus Diversified Income & Convertible Fund Stock Performance

ACV stock opened at $22.39 on Monday. Virtus Diversified Income & Convertible Fund has a twelve month low of $19.57 and a twelve month high of $24.50. The business has a fifty day moving average of $22.03 and a 200-day moving average of $21.38.

Virtus Diversified Income & Convertible Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.16 annualized dividend and a yield of 9.65%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is currently 130.91%.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.