Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Down 44.3% in January

Virtus Convertible & Income Fund (NYSE:NCV) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 30,655 shares, a drop of 44.3% from the January 15th total of 55,080 shares. Based on an average daily volume of 148,083 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 148,083 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Virtus Convertible & Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC raised its stake in Virtus Convertible & Income Fund by 649.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 6,749 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 5,849 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Virtus Convertible & Income Fund by 372.7% during the fourth quarter. Global Retirement Partners LLC now owns 8,404 shares of the investment management company’s stock valued at $127,000 after buying an additional 6,626 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Virtus Convertible & Income Fund during the second quarter valued at about $155,000. Alteri Wealth LLC lifted its stake in shares of Virtus Convertible & Income Fund by 9.1% in the fourth quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock valued at $172,000 after buying an additional 946 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new stake in Virtus Convertible & Income Fund during the fourth quarter worth about $179,000.

Virtus Convertible & Income Fund Trading Up 0.5%

Shares of Virtus Convertible & Income Fund stock traded up $0.08 during trading on Friday, reaching $16.53. The company’s stock had a trading volume of 64,987 shares, compared to its average volume of 135,243. Virtus Convertible & Income Fund has a one year low of $11.51 and a one year high of $16.70. The business’s fifty day moving average price is $15.66 and its 200-day moving average price is $15.27.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be given a $0.136 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Thursday, February 12th.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.