Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 22,900 shares, a decline of 49.4% from the February 13th total of 45,300 shares. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC boosted its holdings in shares of Virtus Equity & Convertible Income Fund by 32,400.0% in the 4th quarter. CoreCap Advisors LLC now owns 1,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,296 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Virtus Equity & Convertible Income Fund in the 4th quarter worth approximately $42,000. JPMorgan Chase & Co. boosted its holdings in shares of Virtus Equity & Convertible Income Fund by 29.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,881 shares of the company’s stock worth $66,000 after acquiring an additional 650 shares in the last quarter. Silverlake Wealth Management LLC acquired a new position in shares of Virtus Equity & Convertible Income Fund in the 4th quarter worth approximately $201,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Virtus Equity & Convertible Income Fund in the 4th quarter worth approximately $214,000.
Virtus Equity & Convertible Income Fund Stock Up 1.3 %
NYSE NIE traded up $0.29 during trading on Friday, reaching $22.14. 50,548 shares of the company traded hands, compared to its average volume of 63,825. Virtus Equity & Convertible Income Fund has a 1-year low of $20.75 and a 1-year high of $25.44. The stock’s 50 day moving average price is $24.29 and its two-hundred day moving average price is $23.82.
Virtus Equity & Convertible Income Fund Announces Dividend
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.
Read More
- Five stocks we like better than Virtus Equity & Convertible Income Fund
- What Are Dividend Challengers?
- How to Build the Ultimate Everything ETF Portfolio
- What is a Bond Market Holiday? How to Invest and Trade
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- What is the Shanghai Stock Exchange Composite Index?
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Virtus Equity & Convertible Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Equity & Convertible Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.