Virtus Convertible & Income Fund II (NYSE:NCZ) Sees Large Growth in Short Interest

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 26,541 shares, an increase of 16.5% from the February 12th total of 22,775 shares. Based on an average daily trading volume, of 39,637 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 39,637 shares, the short-interest ratio is currently 0.7 days.

Virtus Convertible & Income Fund II Price Performance

NYSE NCZ opened at $14.16 on Thursday. Virtus Convertible & Income Fund II has a 1-year low of $10.23 and a 1-year high of $14.99. The stock has a 50-day moving average of $14.45 and a 200-day moving average of $14.08.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Monday, May 11th.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

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

About Virtus Convertible & Income Fund II

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.