Short Interest in Virtus Convertible & Income Fund (NYSE:NCV) Rises By 164.1%

Virtus Convertible & Income Fund (NYSE:NCV) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 17,091 shares, a growth of 164.1% from the August 15th total of 6,471 shares. Based on an average trading volume of 43,072 shares, the days-to-cover ratio is presently 0.4 days.

Virtus Convertible & Income Fund Price Performance

NCV opened at $16.18 on Friday. Virtus Convertible & Income Fund has a fifty-two week low of $14.46 and a fifty-two week high of $17.65. The firm has a 50 day simple moving average of $16.80 and a 200 day simple moving average of $16.59.

Virtus Convertible & Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.136 per share. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Thursday, November 12th.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

Several hedge funds have recently bought and sold shares of NCV. Cetera Investment Advisers raised its position in Virtus Convertible & Income Fund by 2.7% in the 1st quarter. Cetera Investment Advisers now owns 27,019 shares of the investment management company’s stock valued at $402,000 after buying an additional 708 shares during the last quarter. Alteri Wealth LLC lifted its stake in Virtus Convertible & Income Fund by 9.1% in the 4th quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 946 shares in the last quarter. Trust Co. of Vermont acquired a new position in Virtus Convertible & Income Fund during the 2nd quarter worth approximately $29,000. Raymond James Financial Inc. grew its stake in shares of Virtus Convertible & Income Fund by 3.2% during the 2nd quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock worth $1,110,000 after acquiring an additional 2,388 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Virtus Convertible & Income Fund by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 263,876 shares of the investment management company’s stock worth $3,958,000 after acquiring an additional 2,669 shares in the last quarter.

About Virtus Convertible & Income Fund

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.