Virtus Convertible & Income Fund II (NYSE:NCZ) Short Interest Down 30.5% in February

Virtus Convertible & Income Fund II (NYSE:NCZ) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 107,400 shares, a decrease of 30.5% from the February 13th total of 154,500 shares. Based on an average daily trading volume, of 91,300 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Virtus Convertible & Income Fund II

A number of large investors have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. increased its position in shares of Virtus Convertible & Income Fund II by 6.0% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 22,721 shares of the investment management company’s stock valued at $71,000 after buying an additional 1,291 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Virtus Convertible & Income Fund II by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 329,716 shares of the investment management company’s stock worth $1,032,000 after purchasing an additional 2,637 shares in the last quarter. Mariner LLC increased its holdings in Virtus Convertible & Income Fund II by 5.9% during the 4th quarter. Mariner LLC now owns 68,380 shares of the investment management company’s stock worth $214,000 after purchasing an additional 3,792 shares in the last quarter. Choreo LLC increased its holdings in Virtus Convertible & Income Fund II by 5.4% during the 4th quarter. Choreo LLC now owns 79,617 shares of the investment management company’s stock worth $252,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Virtus Convertible & Income Fund II by 4.4% during the 4th quarter. Private Advisor Group LLC now owns 133,853 shares of the investment management company’s stock worth $419,000 after purchasing an additional 5,636 shares in the last quarter.

Virtus Convertible & Income Fund II Stock Performance

NCZ opened at $11.72 on Tuesday. Virtus Convertible & Income Fund II has a 12 month low of $10.80 and a 12 month high of $13.44. The company has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $12.59.

Virtus Convertible & Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.29%. The ex-dividend date of this dividend is Friday, April 11th.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II 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.