Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Down 64.2% in July

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 28,362 shares, a drop of 64.2% from the July 15th total of 79,132 shares. Based on an average trading volume of 87,055 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its holdings in Virtus Convertible & Income Fund II by 4,943.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after acquiring an additional 7,366 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Virtus Convertible & Income Fund II in the 4th quarter valued at approximately $131,000. PFG Investments LLC raised its position in shares of Virtus Convertible & Income Fund II by 8.9% in the 4th quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after purchasing an additional 927 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Virtus Convertible & Income Fund II in the 4th quarter worth approximately $174,000. Finally, Walled Lake Planning & Wealth Management LLC acquired a new stake in Virtus Convertible & Income Fund II in the 1st quarter worth approximately $213,000.

Virtus Convertible & Income Fund II Stock Performance

Shares of NCZ stock traded up $0.07 during trading hours on Friday, reaching $16.16. 40,639 shares of the company’s stock were exchanged, compared to its average volume of 74,147. Virtus Convertible & Income Fund II has a fifty-two week low of $12.95 and a fifty-two week high of $16.17. The stock’s 50 day moving average is $15.57 and its 200-day moving average is $15.01.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date is Thursday, August 13th.

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.