Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 9,000 shares, an increase of 12.5% from the May 31st total of 8,000 shares. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACV. Janney Montgomery Scott LLC bought a new position in Virtus Diversified Income & Convertible Fund in the 1st quarter worth $209,000. B. Riley Wealth Advisors Inc. raised its holdings in Virtus Diversified Income & Convertible Fund by 8.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 23,559 shares of the consumer goods maker’s stock worth $444,000 after purchasing an additional 1,859 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in Virtus Diversified Income & Convertible Fund in the 4th quarter worth $526,000. International Assets Investment Management LLC raised its holdings in Virtus Diversified Income & Convertible Fund by 2,058.9% in the 4th quarter. International Assets Investment Management LLC now owns 47,669 shares of the consumer goods maker’s stock worth $1,000,000 after purchasing an additional 45,461 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Virtus Diversified Income & Convertible Fund by 19.4% in the 4th quarter. Raymond James & Associates now owns 112,547 shares of the consumer goods maker’s stock worth $2,361,000 after purchasing an additional 18,323 shares in the last quarter.
Virtus Diversified Income & Convertible Fund Trading Down 1.9 %
Shares of ACV traded down $0.40 during mid-day trading on Monday, reaching $20.82. The company’s stock had a trading volume of 77,508 shares, compared to its average volume of 34,261. Virtus Diversified Income & Convertible Fund has a 52 week low of $16.82 and a 52 week high of $24.50. The company’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $22.09.
Virtus Diversified Income & Convertible Fund Dividend Announcement
About Virtus Diversified Income & Convertible Fund
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.
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