Virtus Diversified Income & Convertible Fund (NYSE:ACV) Sees Significant Decrease in Short Interest

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 9,000 shares, a decrease of 64.0% from the January 31st total of 25,000 shares. Based on an average daily volume of 27,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund in the 4th quarter valued at about $41,000. LPL Financial LLC raised its position in shares of Virtus Diversified Income & Convertible Fund by 1.4% in the 4th quarter. LPL Financial LLC now owns 279,527 shares of the consumer goods maker’s stock valued at $6,136,000 after acquiring an additional 3,900 shares during the period. Raymond James & Associates raised its position in shares of Virtus Diversified Income & Convertible Fund by 5.0% in the 3rd quarter. Raymond James & Associates now owns 136,344 shares of the consumer goods maker’s stock valued at $2,926,000 after acquiring an additional 6,441 shares during the period. Wolverine Asset Management LLC raised its position in shares of Virtus Diversified Income & Convertible Fund by 12.0% in the 4th quarter. Wolverine Asset Management LLC now owns 135,942 shares of the consumer goods maker’s stock valued at $2,984,000 after acquiring an additional 14,569 shares during the period. Finally, World Equity Group Inc. acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the 3rd quarter valued at approximately $313,000.

Virtus Diversified Income & Convertible Fund Trading Up 0.1 %

Shares of ACV stock traded up $0.03 during mid-day trading on Friday, reaching $21.51. The company’s stock had a trading volume of 26,420 shares, compared to its average volume of 30,757. The firm’s 50-day moving average is $22.41 and its two-hundred day moving average is $21.88. Virtus Diversified Income & Convertible Fund has a 1-year low of $19.57 and a 1-year high of $24.50.

About Virtus Diversified Income & Convertible Fund

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.