Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Grows By 154.3%

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

Virtus Convertible & Income Fund II Price Performance

Shares of NYSE NCZ traded down $0.17 during midday trading on Tuesday, reaching $15.01. The company’s stock had a trading volume of 37,471 shares, compared to its average volume of 75,459. The firm has a 50 day moving average price of $15.54 and a 200-day moving average price of $14.88. Virtus Convertible & Income Fund II has a 12-month low of $12.94 and a 12-month high of $16.00.

Virtus Convertible & Income Fund II Dividend Announcement

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

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several large investors have recently modified their holdings of the stock. Readystate Asset Management LP increased its position in Virtus Convertible & Income Fund II by 77.8% in the first quarter. Readystate Asset Management LP now owns 22,422 shares of the investment management company’s stock worth $301,000 after buying an additional 9,808 shares during the last quarter. Saba Capital Management L.P. purchased a new stake in Virtus Convertible & Income Fund II in the 1st quarter worth about $4,717,000. Walled Lake Planning & Wealth Management LLC bought a new stake in Virtus Convertible & Income Fund II in the 1st quarter valued at about $213,000. Kestra Advisory Services LLC raised its stake in Virtus Convertible & Income Fund II by 2.1% in the 1st quarter. Kestra Advisory Services LLC now owns 44,187 shares of the investment management company’s stock valued at $593,000 after acquiring an additional 915 shares during the period. Finally, PFG Investments LLC lifted 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 valued at $183,000 after purchasing an additional 2,220 shares during the last quarter.

Virtus Convertible & Income Fund II Company Profile

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.