Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) was the target of a significant increase in short interest in the month of 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 days-to-cover ratio is currently 0.5 days.
Virtus Diversified Income & Convertible Fund Price Performance
NYSE:ACV traded up $0.24 on Friday, reaching $20.14. The stock had a trading volume of 34,551 shares, compared to its average volume of 30,452. Virtus Diversified Income & Convertible Fund has a 1-year low of $19.57 and a 1-year high of $24.50. The stock has a fifty day moving average price of $22.08 and a 200-day moving average price of $21.85.
Virtus Diversified Income & Convertible Fund Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 11th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is currently 130.91%.
Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund
Virtus Diversified Income & Convertible Fund Company Profile
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.
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