Virtus Convertible & Income Fund II (NYSE:NCZ) Sees Large Increase in Short Interest

Virtus Convertible & Income Fund II (NYSE:NCZ) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 22,325 shares, an increase of 112.8% from the May 14th total of 10,489 shares. Based on an average daily volume of 71,921 shares, the short-interest ratio is currently 0.3 days.

Virtus Convertible & Income Fund II Stock Performance

NYSE NCZ traded up $0.25 during trading hours on Friday, reaching $15.65. 72,862 shares of the company were exchanged, compared to its average volume of 76,738. Virtus Convertible & Income Fund II has a 1 year low of $12.15 and a 1 year high of $15.99. The business’s 50 day simple moving average is $15.16 and its 200-day simple moving average is $14.51.

Virtus Convertible & Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of Virtus Convertible & Income Fund II

Large investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC increased its holdings in Virtus Convertible & Income Fund II by 171.7% during the fourth quarter. Wolverine Asset Management LLC now owns 52,729 shares of the investment management company’s stock worth $727,000 after buying an additional 33,324 shares during the last quarter. Private Advisor Group LLC increased its holdings in Virtus Convertible & Income Fund II by 9.3% during the first quarter. Private Advisor Group LLC now owns 57,977 shares of the investment management company’s stock worth $777,000 after buying an additional 4,950 shares during the last quarter. Walled Lake Planning & Wealth Management LLC purchased a new stake in Virtus Convertible & Income Fund II during the first quarter worth about $213,000. PFG Investments LLC increased its holdings in Virtus Convertible & Income Fund II by 19.5% during the first quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock worth $183,000 after buying an additional 2,220 shares during the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter worth about $234,000.

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.