Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) Short Interest Up 46.0% in June

Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 23,500 shares, an increase of 46.0% from the May 31st total of 16,100 shares. Based on an average daily volume of 51,600 shares, the days-to-cover ratio is currently 0.5 days.

Virtus Convertible & Income 2024 Target Term Fund Stock Performance

Shares of CBH remained flat at $9.01 during mid-day trading on Friday. 16,426 shares of the stock traded hands, compared to its average volume of 49,686. Virtus Convertible & Income 2024 Target Term Fund has a twelve month low of $8.40 and a twelve month high of $9.03. The company has a fifty day simple moving average of $8.93 and a 200 day simple moving average of $8.83.

Institutional Trading of Virtus Convertible & Income 2024 Target Term Fund

A number of hedge funds have recently added to or reduced their stakes in CBH. Signaturefd LLC raised its stake in shares of Virtus Convertible & Income 2024 Target Term Fund by 7,617.4% during the fourth quarter. Signaturefd LLC now owns 10,187 shares of the company’s stock worth $89,000 after purchasing an additional 10,055 shares during the last quarter. Bulldog Investors LLP acquired a new position in shares of Virtus Convertible & Income 2024 Target Term Fund during the fourth quarter worth about $149,000. B. Riley Wealth Advisors Inc. purchased a new position in Virtus Convertible & Income 2024 Target Term Fund during the first quarter worth about $156,000. StoneX Group Inc. acquired a new stake in Virtus Convertible & Income 2024 Target Term Fund in the fourth quarter valued at about $623,000. Finally, Stifel Financial Corp boosted its holdings in Virtus Convertible & Income 2024 Target Term Fund by 1.7% in the 3rd 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.

About Virtus Convertible & Income 2024 Target Term Fund

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.