Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 45,200 shares, a growth of 27.7% from the March 31st total of 35,400 shares. Based on an average daily volume of 31,900 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Trading of Virtus Diversified Income & Convertible Fund
Several institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its position in Virtus Diversified Income & Convertible Fund by 4.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 24,621 shares of the consumer goods maker’s stock worth $521,000 after acquiring an additional 1,062 shares during the period. Wells Fargo & Company MN increased its position in shares of Virtus Diversified Income & Convertible Fund by 5.5% during the 4th quarter. Wells Fargo & Company MN now owns 480,652 shares of the consumer goods maker’s stock worth $10,084,000 after purchasing an additional 25,116 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in Virtus Diversified Income & Convertible Fund in the 4th quarter valued at about $526,000. International Assets Investment Management LLC lifted its position in Virtus Diversified Income & Convertible Fund by 2,058.9% in the fourth quarter. International Assets Investment Management LLC now owns 47,669 shares of the consumer goods maker’s stock valued at $1,000,000 after buying an additional 45,461 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Virtus Diversified Income & Convertible Fund by 19.4% during the fourth quarter. Raymond James & Associates now owns 112,547 shares of the consumer goods maker’s stock worth $2,361,000 after buying an additional 18,323 shares during the period.
Virtus Diversified Income & Convertible Fund Stock Performance
Virtus Diversified Income & Convertible Fund stock opened at $22.37 on Friday. The company has a 50-day moving average price of $23.08 and a 200 day moving average price of $21.17. Virtus Diversified Income & Convertible Fund has a 12-month low of $16.82 and a 12-month high of $24.50.
Virtus Diversified Income & Convertible Fund Announces Dividend
Virtus Diversified Income & Convertible Fund Company Profile
Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.
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