Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Up 172.0% in March

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 72,201 shares, a growth of 172.0% from the February 26th total of 26,541 shares. Based on an average trading volume of 66,612 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 66,612 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC lifted its holdings in Virtus Convertible & Income Fund II by 89.3% during the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock worth $7,159,000 after buying an additional 246,902 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Virtus Convertible & Income Fund II by 22.9% during the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock worth $14,499,000 after acquiring an additional 196,305 shares during the period. Guggenheim Capital LLC increased its position in shares of Virtus Convertible & Income Fund II by 85.5% during the fourth quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after acquiring an additional 103,556 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Virtus Convertible & Income Fund II in the third quarter valued at $1,261,000. Finally, Bank of America Corp DE raised its stake in shares of Virtus Convertible & Income Fund II by 94.2% in the third quarter. Bank of America Corp DE now owns 125,244 shares of the investment management company’s stock valued at $1,713,000 after acquiring an additional 60,736 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Up 1.4%

Virtus Convertible & Income Fund II stock traded up $0.20 during trading on Wednesday, hitting $13.83. The company had a trading volume of 71,730 shares, compared to its average volume of 73,916. The company’s 50 day simple moving average is $14.41 and its 200-day simple moving average is $14.09. Virtus Convertible & Income Fund II has a 1-year low of $10.23 and a 1-year high of $14.99.

Virtus Convertible & Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 10.4%.

About Virtus Convertible & Income Fund II

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.