Short Interest in Virtus Convertible & Income Fund II (NYSE:NCZ) Decreases By 21.7%

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 243,900 shares, a decline of 21.7% from the November 15th total of 311,600 shares. Based on an average daily trading volume, of 414,600 shares, the days-to-cover ratio is currently 0.6 days.

Virtus Convertible & Income Fund II Stock Down 0.3 %

Shares of NCZ stock traded down $0.01 during trading hours on Friday, reaching $3.28. 238,664 shares of the stock were exchanged, compared to its average volume of 479,953. The business’s fifty day moving average is $3.18 and its two-hundred day moving average is $3.04. Virtus Convertible & Income Fund II has a 12-month low of $2.70 and a 12-month high of $3.36.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a $0.12 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 43.90%.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Virtus Convertible & Income Fund II by 8.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,931,534 shares of the investment management company’s stock valued at $9,117,000 after buying an additional 219,726 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Virtus Convertible & Income Fund II by 27.2% in the third quarter. Pathstone Holdings LLC now owns 1,408,269 shares of the investment management company’s stock valued at $4,381,000 after acquiring an additional 300,758 shares in the last quarter. Congress Park Capital LLC grew its holdings in shares of Virtus Convertible & Income Fund II by 58.1% during the third quarter. Congress Park Capital LLC now owns 1,373,401 shares of the investment management company’s stock worth $4,271,000 after purchasing an additional 504,854 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Virtus Convertible & Income Fund II during the third quarter worth about $598,000. Finally, Shaker Financial Services LLC lifted its holdings in shares of Virtus Convertible & Income Fund II by 50.1% in the 3rd quarter. Shaker Financial Services LLC now owns 190,638 shares of the investment management company’s stock valued at $593,000 after purchasing an additional 63,656 shares during the last quarter.

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.