Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Up 64.8% in March

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 41,747 shares, an increase of 64.8% from the February 26th total of 25,332 shares. Based on an average trading volume of 126,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NCV. Congress Park Capital LLC lifted its stake in Virtus Convertible & Income Fund by 16.0% in the fourth quarter. Congress Park Capital LLC now owns 735,137 shares of the investment management company’s stock valued at $11,137,000 after buying an additional 101,287 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Virtus Convertible & Income Fund by 6.3% during the fourth quarter. Advisors Asset Management Inc. now owns 699,109 shares of the investment management company’s stock worth $10,592,000 after acquiring an additional 41,631 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Virtus Convertible & Income Fund by 0.3% in the 3rd quarter. Penserra Capital Management LLC now owns 621,398 shares of the investment management company’s stock valued at $9,320,000 after acquiring an additional 1,724 shares during the period. LPL Financial LLC increased its holdings in shares of Virtus Convertible & Income Fund by 11.1% in the 4th quarter. LPL Financial LLC now owns 369,672 shares of the investment management company’s stock valued at $5,601,000 after acquiring an additional 37,012 shares during the period. Finally, Guggenheim Capital LLC raised its position in Virtus Convertible & Income Fund by 70.3% in the 4th quarter. Guggenheim Capital LLC now owns 337,948 shares of the investment management company’s stock valued at $5,120,000 after purchasing an additional 139,536 shares during the last quarter.

Virtus Convertible & Income Fund Stock Performance

NYSE NCV traded down $0.31 during trading hours on Friday, hitting $14.60. The company had a trading volume of 120,930 shares, compared to its average volume of 113,526. The business has a 50 day moving average of $15.84 and a 200-day moving average of $15.50. Virtus Convertible & Income Fund has a 1-year low of $11.51 and a 1-year high of $16.70.

Virtus Convertible & Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be given a $0.136 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.