Short Interest in AGIC Convertible and Income Fund II Drops By 52.8% (NCZ)
Shares of AGIC Convertible and Income Fund II (NYSE:NCZ) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 310,494 shares, a decrease of 52.8% from the July 15th total of 657,136 shares, Stock Ratings Network.com reports. Based on an average daily volume of 407,170 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are short sold.
Shares of AGIC Convertible and Income Fund II (NYSE:NCZ) opened at 9.44 on Wednesday. AGIC Convertible and Income Fund II has a 52-week low of $8.15 and a 52-week high of $10.10. The stock’s 50-day moving average is $9.55 and its 200-day moving average is $9.73.
The company also recently declared a aug 14 dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.085 per share. This represents a yield of 11.2%. The ex-dividend date of this dividend is Thursday, August 7th.
AGIC Convertible & Income Fund II (NYSE:NCZ), formerly Nicholas-Applegate Convertible & Income Fund II, is a diversified, closed-end management investment company.
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