Virtus Diversified Income & Convertible Fund (NYSE:ACV) Short Interest Update

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 10,200 shares, a growth of 56.9% from the November 30th total of 6,500 shares. Based on an average daily volume of 33,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Virtus Diversified Income & Convertible Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the second quarter worth approximately $51,000. Raleigh Capital Management Inc. raised its stake in Virtus Diversified Income & Convertible Fund by 23.5% during the third quarter. Raleigh Capital Management Inc. now owns 3,346 shares of the consumer goods maker’s stock worth $72,000 after purchasing an additional 637 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 42.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,640 shares of the consumer goods maker’s stock valued at $268,000 after purchasing an additional 3,745 shares during the last quarter. World Equity Group Inc. purchased a new stake in shares of Virtus Diversified Income & Convertible Fund during the 3rd quarter valued at $313,000. Finally, Shaker Financial Services LLC purchased a new stake in shares of Virtus Diversified Income & Convertible Fund during the 2nd quarter valued at $454,000.

Virtus Diversified Income & Convertible Fund Stock Down 0.4 %

Virtus Diversified Income & Convertible Fund stock opened at $22.39 on Monday. Virtus Diversified Income & Convertible Fund has a 12-month low of $19.57 and a 12-month high of $24.50. The firm’s 50-day moving average is $22.03 and its two-hundred day moving average is $21.38.

Virtus Diversified Income & Convertible Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.16 dividend on an annualized basis and a yield of 9.65%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is currently 130.91%.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.