Virtus Convertible & Income Fund II (NYSE:NCZ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.96 and traded as high as $14.93. Virtus Convertible & Income Fund II shares last traded at $14.7250, with a volume of 26,032 shares traded.

Virtus Convertible & Income Fund II Stock Performance

The stock has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $13.96.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several hedge funds have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC grew its stake in shares of Virtus Convertible & Income Fund II by 4,943.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after purchasing an additional 7,366 shares during the period. Global Retirement Partners LLC purchased a new stake in Virtus Convertible & Income Fund II during the fourth quarter worth $131,000. CoreCap Advisors LLC grew its position in Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock valued at $145,000 after buying an additional 969 shares during the period. PFG Investments LLC increased its holdings in Virtus Convertible & Income Fund II by 8.9% in the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock valued at $157,000 after buying an additional 927 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new position in Virtus Convertible & Income Fund II in the fourth quarter valued at $174,000.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.