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

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 107,400 shares, a decline of 30.5% from the February 13th total of 154,500 shares. Based on an average trading volume of 91,300 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Virtus Convertible & Income Fund II in the 4th quarter worth about $26,000. Jane Street Group LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter worth approximately $32,000. Walleye Capital LLC purchased a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter worth approximately $50,000. Illumine Investment Management LLC acquired a new stake in shares of Virtus Convertible & Income Fund II during the fourth quarter worth approximately $59,000. Finally, Virtu Financial LLC grew its position in Virtus Convertible & Income Fund II by 44.2% during the third quarter. Virtu Financial LLC now owns 20,137 shares of the investment management company’s stock valued at $63,000 after purchasing an additional 6,176 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Up 0.6 %

Shares of NYSE:NCZ traded up $0.08 during mid-day trading on Monday, hitting $11.72. The stock had a trading volume of 88,013 shares, compared to its average volume of 111,913. The company’s 50 day moving average is $12.63 and its 200-day moving average is $12.59. Virtus Convertible & Income Fund II has a 12-month low of $10.80 and a 12-month high of $13.44.

Virtus Convertible & Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.29%.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II 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.