Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) Short Interest Update

Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 4,700 shares, an increase of 422.2% from the April 15th total of 900 shares. Based on an average daily trading volume, of 58,600 shares, the short-interest ratio is currently 0.1 days.

Virtus Convertible & Income 2024 Target Term Fund Stock Performance

Shares of CBH remained flat at $8.91 on Friday. The company had a trading volume of 25,126 shares, compared to its average volume of 51,307. The business has a fifty day moving average of $8.83 and a two-hundred day moving average of $8.74. Virtus Convertible & Income 2024 Target Term Fund has a 1-year low of $8.33 and a 1-year high of $9.00.

Virtus Convertible & Income 2024 Target Term Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.027 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, June 13th.

Institutional Investors Weigh In On Virtus Convertible & Income 2024 Target Term Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. StoneX Group Inc. acquired a new position in Virtus Convertible & Income 2024 Target Term Fund during the 4th quarter worth approximately $623,000. Bulldog Investors LLP bought a new stake in shares of Virtus Convertible & Income 2024 Target Term Fund in the fourth quarter worth $149,000. OmniStar Financial Group Inc. acquired a new position in Virtus Convertible & Income 2024 Target Term Fund during the third quarter worth $97,000. Signaturefd LLC grew its position in Virtus Convertible & Income 2024 Target Term Fund by 7,617.4% in the fourth quarter. Signaturefd LLC now owns 10,187 shares of the company’s stock valued at $89,000 after purchasing an additional 10,055 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Virtus Convertible & Income 2024 Target Term Fund by 1.7% in the third quarter. Stifel Financial Corp now owns 359,115 shares of the company’s stock valued at $3,153,000 after purchasing an additional 5,833 shares in the last quarter.

Virtus Convertible & Income 2024 Target Term Fund Company Profile

Virtus Convertible & Income 2024 Target Term Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity and fixed incomes markets of the United States. It invests in stocks of companies operating across diversified sectors.