Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Drops By 19.0%

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 26,290 shares, a decline of 19.0% from the December 15th total of 32,474 shares. Based on an average daily trading volume, of 42,881 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 42,881 shares, the short-interest ratio is presently 0.6 days.

Virtus Convertible & Income Fund II Trading Down 0.7%

NYSE NCZ opened at $14.07 on Wednesday. The business’s fifty day simple moving average is $13.91 and its 200-day simple moving average is $13.68. Virtus Convertible & Income Fund II has a 52 week low of $10.23 and a 52 week high of $14.44.

Virtus Convertible & Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Thursday, February 12th.

Institutional Trading of Virtus Convertible & Income Fund II

Several institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC grew its position in Virtus Convertible & Income Fund II by 10.1% in the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after acquiring an additional 969 shares during the period. Integrated Capital Management Inc. acquired a new position in shares of Virtus Convertible & Income Fund II in the 2nd quarter valued at $236,000. Private Advisor Group LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 33.0% during the 3rd quarter. Private Advisor Group LLC now owns 51,252 shares of the investment management company’s stock worth $701,000 after purchasing an additional 12,728 shares during the period. Cornerstone Advisors LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the 2nd quarter worth about $765,000. Finally, Raymond James Financial Inc. raised its holdings in Virtus Convertible & Income Fund II by 9.2% in the 3rd quarter. Raymond James Financial Inc. now owns 58,595 shares of the investment management company’s stock valued at $802,000 after buying an additional 4,954 shares during the period.

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.