Virtus Convertible & Income Fund (NYSE:NCV) Short Interest Update

Virtus Convertible & Income Fund (NYSE:NCV) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 7,900 shares, a decrease of 86.9% from the January 31st total of 60,500 shares. Based on an average daily trading volume, of 141,300 shares, the short-interest ratio is currently 0.1 days.

Virtus Convertible & Income Fund Stock Up 1.3 %

Virtus Convertible & Income Fund stock traded up $0.17 during mid-day trading on Friday, reaching $13.67. 60,706 shares of the company were exchanged, compared to its average volume of 142,951. The business has a fifty day moving average of $14.09 and a 200 day moving average of $14.04. Virtus Convertible & Income Fund has a 12-month low of $12.06 and a 12-month high of $14.92.

Institutional Trading of Virtus Convertible & Income Fund

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of Virtus Convertible & Income Fund by 250.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,442 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 6,030 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the 3rd quarter valued at $35,000. Jane Street Group LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the 3rd quarter valued at $36,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the 4th quarter valued at $37,000. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the 4th quarter valued at $43,000.

Virtus Convertible & Income Fund Company Profile

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.