Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 83,500 shares, a drop of 13.7% from the May 31st total of 96,800 shares. Based on an average daily trading volume, of 609,300 shares, the short-interest ratio is currently 0.1 days.
Virtus Convertible & Income Fund Trading Up 0.6 %
Shares of NYSE:NCV traded up $0.02 during trading on Tuesday, reaching $3.30. 853,877 shares of the company traded hands, compared to its average volume of 526,693. The firm has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.25. Virtus Convertible & Income Fund has a 1-year low of $2.84 and a 1-year high of $3.59.
Virtus Convertible & Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.034 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date is Thursday, July 11th.
Institutional Investors Weigh In On Virtus Convertible & Income Fund
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.
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