Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 31,900 shares, a drop of 26.0% from the September 30th total of 43,100 shares. Based on an average daily volume of 64,700 shares, the days-to-cover ratio is presently 0.5 days.
Virtus Equity & Convertible Income Fund Stock Performance
NIE traded up $0.08 during midday trading on Friday, reaching $23.32. The company’s stock had a trading volume of 43,365 shares, compared to its average volume of 66,605. The company has a fifty day simple moving average of $22.87 and a 200 day simple moving average of $22.64. Virtus Equity & Convertible Income Fund has a twelve month low of $18.61 and a twelve month high of $23.88.
Virtus Equity & Convertible Income Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 8.58%.
Hedge Funds Weigh In On Virtus Equity & Convertible Income Fund
Virtus Equity & Convertible Income Fund Company Profile
Virtus Equity & Convertible Income Fund is a closed ended equity 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 markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
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