Virtus Equity & Convertible Income Fund (NYSE:NIE) Short Interest Update

Virtus Equity & Convertible Income Fund (NYSE:NIE) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 16,900 shares, a decline of 26.2% from the February 28th total of 22,900 shares. Based on an average daily trading volume, of 62,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Virtus Equity & Convertible Income Fund

Institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its stake in Virtus Equity & Convertible Income Fund by 32,400.0% in the 4th quarter. CoreCap Advisors LLC now owns 1,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,296 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Virtus Equity & Convertible Income Fund during the fourth quarter valued at approximately $42,000. JPMorgan Chase & Co. lifted its holdings in shares of Virtus Equity & Convertible Income Fund by 29.1% in the third quarter. JPMorgan Chase & Co. now owns 2,881 shares of the company’s stock worth $66,000 after buying an additional 650 shares in the last quarter. Silverlake Wealth Management LLC bought a new position in shares of Virtus Equity & Convertible Income Fund during the fourth quarter worth $201,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Virtus Equity & Convertible Income Fund during the fourth quarter valued at $214,000.

Virtus Equity & Convertible Income Fund Trading Up 0.3 %

Virtus Equity & Convertible Income Fund stock traded up $0.07 during mid-day trading on Tuesday, hitting $22.20. The stock had a trading volume of 74,696 shares, compared to its average volume of 64,035. The firm’s 50 day moving average is $23.83 and its 200 day moving average is $23.82. Virtus Equity & Convertible Income Fund has a one year low of $20.75 and a one year high of $25.44.

Virtus Equity & Convertible Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date is Thursday, June 12th.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.