Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 93,000 shares, a growth of 38.2% from the May 15th total of 67,300 shares. Based on an average daily volume of 68,900 shares, the days-to-cover ratio is currently 1.3 days.
Virtus Convertible & Income Fund II Price Performance
Virtus Convertible & Income Fund II stock opened at $12.28 on Thursday. Virtus Convertible & Income Fund II has a 1-year low of $10.23 and a 1-year high of $13.44. The business has a fifty day moving average price of $11.86 and a 200-day moving average price of $12.26.
Virtus Convertible & Income Fund II Dividend Announcement
The business also recently disclosed a — dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.12 per share. This represents a dividend yield of 11.7%. The ex-dividend date is Monday, August 11th.
Institutional Trading of Virtus Convertible & Income Fund II
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.
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