Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Down 46.6% in July

Virtus Convertible & Income Fund (NYSE:NCV) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 51,300 shares, adecreaseof46.6% from the July 15th total of 96,000 shares. Based on an average daily volume of 84,200 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 84,200 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Virtus Convertible & Income Fund during the second quarter worth $155,000. Raymond James Financial Inc. grew its holdings in shares of Virtus Convertible & Income Fund by 3.2% during the second quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock valued at $1,110,000 after buying an additional 2,388 shares during the last quarter. Guggenheim Capital LLC purchased a new position in Virtus Convertible & Income Fund during the second quarter worth about $1,427,000. Advisors Asset Management Inc. boosted its holdings in Virtus Convertible & Income Fund by 13.2% during the second quarter. Advisors Asset Management Inc. now owns 711,902 shares of the investment management company’s stock worth $10,109,000 after purchasing an additional 83,219 shares during the last quarter. Finally, Cornerstone Advisors LLC purchased a new position in Virtus Convertible & Income Fund during the second quarter worth about $1,580,000.

Virtus Convertible & Income Fund Stock Performance

NYSE NCV opened at $14.49 on Monday. Virtus Convertible & Income Fund has a 1 year low of $11.51 and a 1 year high of $14.92. The firm’s 50 day simple moving average is $14.10 and its 200 day simple moving average is $13.56.

Virtus Convertible & Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, July 14th were paid a dividend of $0.136 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a dividend yield of 1,154.0%.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.