Short Interest in Virtus Convertible & Income Fund (NYSE:NCV) Expands By 23.1%

Posted by Defense World Staff on May 4th, 2025

Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 37,800 shares, an increase of 23.1% from the March 31st total of 30,700 shares. Based on an average daily volume of 119,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Virtus Convertible & Income Fund in the third quarter valued at approximately $36,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Virtus Convertible & Income Fund in the 4th quarter worth $37,000. Doliver Advisors LP purchased a new position in shares of Virtus Convertible & Income Fund during the 1st quarter worth $140,000. Meridian Wealth Management LLC acquired a new position in shares of Virtus Convertible & Income Fund during the 4th quarter valued at about $43,000. Finally, SVB Wealth LLC purchased a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter valued at about $77,000.

Virtus Convertible & Income Fund Stock Up 0.7 %

Shares of NCV opened at $13.08 on Friday. Virtus Convertible & Income Fund has a 52-week low of $11.51 and a 52-week high of $14.92. The firm’s fifty day moving average is $12.88 and its two-hundred day moving average is $13.72.

Virtus Convertible & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be issued a $0.136 dividend. The ex-dividend date is Thursday, June 12th. This represents a $1.63 dividend on an annualized basis and a yield of 12.48%.

Virtus Convertible & Income Fund Company Profile

(Get Free Report)

Virtus Convertible & Income Fund 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.