Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 40,500 shares, a decline of 36.0% from the February 29th total of 63,300 shares. Based on an average daily trading volume, of 38,900 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund
Several large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Virtus Diversified Income & Convertible Fund by 5.5% during the 4th quarter. Wells Fargo & Company MN now owns 480,652 shares of the consumer goods maker’s stock worth $10,084,000 after purchasing an additional 25,116 shares during the period. LPL Financial LLC boosted its position in shares of Virtus Diversified Income & Convertible Fund by 79.6% during the 3rd quarter. LPL Financial LLC now owns 377,946 shares of the consumer goods maker’s stock worth $7,052,000 after acquiring an additional 167,546 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Virtus Diversified Income & Convertible Fund by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 170,449 shares of the consumer goods maker’s stock worth $3,181,000 after acquiring an additional 6,104 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Virtus Diversified Income & Convertible Fund by 5.0% during the 1st quarter. Bank of America Corp DE now owns 136,497 shares of the consumer goods maker’s stock worth $3,474,000 after acquiring an additional 6,502 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Virtus Diversified Income & Convertible Fund by 19.4% during the 4th quarter. Raymond James & Associates now owns 112,547 shares of the consumer goods maker’s stock worth $2,361,000 after acquiring an additional 18,323 shares in the last quarter.
Virtus Diversified Income & Convertible Fund Price Performance
Shares of ACV stock traded up $0.32 on Friday, hitting $23.95. The stock had a trading volume of 46,808 shares, compared to its average volume of 37,285. Virtus Diversified Income & Convertible Fund has a 1 year low of $16.82 and a 1 year high of $23.98. The company’s 50 day moving average price is $22.74 and its 200-day moving average price is $20.50.
Virtus Diversified Income & Convertible Fund Announces Dividend
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.
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