Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Update

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 79,132 shares, a growth of 154.3% from the June 30th total of 31,118 shares. Based on an average daily trading volume, of 65,903 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC raised its position 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 valued at $104,000 after purchasing an additional 7,366 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the fourth quarter worth about $131,000. CoreCap Advisors LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after purchasing an additional 969 shares during the last quarter. PFG Investments LLC increased its stake in shares of Virtus Convertible & Income Fund II by 8.9% in the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after buying an additional 927 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Virtus Convertible & Income Fund II in the fourth quarter valued at approximately $174,000.

Virtus Convertible & Income Fund II Stock Performance

NYSE:NCZ traded down $0.08 during mid-day trading on Wednesday, reaching $14.92. The stock had a trading volume of 61,264 shares, compared to its average volume of 75,359. Virtus Convertible & Income Fund II has a 12 month low of $12.94 and a 12 month high of $16.00. The stock has a 50-day simple moving average of $15.54 and a two-hundred day simple moving average of $14.88.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend 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.