Short Interest in Virtus Diversified Income & Convertible Fund (NYSE:ACV) Increases By 71.1%

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 15,400 shares, an increase of 71.1% from the February 13th total of 9,000 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is currently 0.5 days.

Virtus Diversified Income & Convertible Fund Trading Up 1.2 %

Shares of NYSE:ACV opened at $20.14 on Monday. The business’s 50 day simple moving average is $22.08 and its two-hundred day simple moving average is $21.86. Virtus Diversified Income & Convertible Fund has a 52-week low of $19.57 and a 52-week high of $24.50.

Virtus Diversified Income & Convertible Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be issued a $0.18 dividend. The ex-dividend date is Friday, April 11th. Virtus Diversified Income & Convertible Fund’s payout ratio is currently 130.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACV. Landscape Capital Management L.L.C. boosted its holdings in Virtus Diversified Income & Convertible Fund by 212.6% in the third quarter. Landscape Capital Management L.L.C. now owns 44,357 shares of the consumer goods maker’s stock worth $952,000 after acquiring an additional 30,169 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund in the fourth quarter valued at approximately $41,000. Wolverine Asset Management LLC lifted its holdings in shares of Virtus Diversified Income & Convertible Fund by 12.0% in the fourth quarter. Wolverine Asset Management LLC now owns 135,942 shares of the consumer goods maker’s stock valued at $2,984,000 after purchasing an additional 14,569 shares in the last quarter. World Equity Group Inc. lifted its holdings in shares of Virtus Diversified Income & Convertible Fund by 273.5% in the fourth quarter. World Equity Group Inc. now owns 54,501 shares of the consumer goods maker’s stock valued at $1,196,000 after purchasing an additional 39,909 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Virtus Diversified Income & Convertible Fund in the fourth quarter valued at approximately $3,151,000.

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.