Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ) Short Interest Down 18.4% in April

Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZGet Rating) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 31,000 shares, a decrease of 18.4% from the April 15th total of 38,000 shares. Based on an average daily trading volume, of 360,100 shares, the short-interest ratio is presently 0.1 days.

A number of large investors have recently added to or reduced their stakes in NCZ. Citadel Advisors LLC purchased a new stake in Virtus AllianzGI Convertible & Income Fund II during the 2nd quarter valued at $153,000. Morgan Stanley grew its position in Virtus AllianzGI Convertible & Income Fund II by 26.2% in the 2nd quarter. Morgan Stanley now owns 1,252,315 shares of the investment management company’s stock valued at $6,700,000 after acquiring an additional 260,120 shares during the last quarter. Raymond James & Associates grew its position in Virtus AllianzGI Convertible & Income Fund II by 6.7% in the 3rd quarter. Raymond James & Associates now owns 168,314 shares of the investment management company’s stock valued at $874,000 after acquiring an additional 10,581 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Virtus AllianzGI Convertible & Income Fund II in the 3rd quarter valued at $485,000. Finally, Truist Financial Corp grew its position in Virtus AllianzGI Convertible & Income Fund II by 126.1% in the 3rd quarter. Truist Financial Corp now owns 27,897 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 15,556 shares during the last quarter.

NYSE:NCZ traded down $0.03 during midday trading on Thursday, hitting $3.29. 8,405 shares of the company traded hands, compared to its average volume of 388,512. The firm’s fifty day moving average is $4.02 and its 200-day moving average is $4.58. Virtus AllianzGI Convertible & Income Fund II has a 12-month low of $3.24 and a 12-month high of $5.51.

The business also recently declared a monthly dividend, which will be paid on Friday, July 1st. Investors of record on Monday, June 13th will be issued a dividend of $0.0375 per share. The ex-dividend date is Friday, June 10th. This represents a $0.45 annualized dividend and a yield of 13.68%.

Virtus AllianzGI Convertible & Income Fund II Company Profile (Get Rating)

AllianzGI 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.

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