Virtus Convertible & Income Fund II (NYSE:NCZ) Sees Significant Decline in Short Interest

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 21,905 shares, a decline of 30.2% from the March 31st total of 31,369 shares. Based on an average daily trading volume, of 86,621 shares, the days-to-cover ratio is currently 0.3 days.

Virtus Convertible & Income Fund II Price Performance

NCZ stock traded down $0.14 during trading on Tuesday, hitting $14.82. The company had a trading volume of 44,738 shares, compared to its average volume of 74,736. The company has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $14.16. Virtus Convertible & Income Fund II has a fifty-two week low of $11.48 and a fifty-two week high of $15.05.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors 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 yield of 9.7%.

Institutional Trading of Virtus Convertible & Income Fund II

Several institutional investors have recently bought and sold shares of the stock. PFG Investments LLC boosted its stake in Virtus Convertible & Income Fund II by 19.5% in the 1st quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock valued at $183,000 after buying an additional 2,220 shares in the last quarter. Private Advisor Group LLC boosted its stake in Virtus Convertible & Income Fund II by 9.3% in the 1st quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock valued at $777,000 after buying an additional 4,950 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Virtus Convertible & Income Fund II in the 4th quarter valued at $174,000. Guggenheim Capital LLC raised its position in Virtus Convertible & Income Fund II by 85.5% in the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock valued at $3,095,000 after purchasing an additional 103,556 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Virtus Convertible & Income Fund II by 66.6% in the 4th quarter. Kestra Advisory Services LLC now owns 43,272 shares of the investment management company’s stock valued at $596,000 after purchasing an additional 17,305 shares during the last quarter.

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.