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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 13,600 shares, a growth of 32.0% from the March 15th total of 10,300 shares. Based on an average trading volume of 35,600 shares, the days-to-cover ratio is presently 0.4 days.

Virtus Diversified Income & Convertible Fund Stock Performance

Shares of ACV traded up $0.34 during mid-day trading on Friday, reaching $19.14. 32,046 shares of the company’s stock were exchanged, compared to its average volume of 32,636. The business’s fifty day simple moving average is $20.41 and its 200-day simple moving average is $21.53. Virtus Diversified Income & Convertible Fund has a 52-week low of $17.00 and a 52-week high of $23.43.

Virtus Diversified Income & Convertible Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 11th. Virtus Diversified Income & Convertible Fund’s payout ratio is currently 130.91%.

Institutional Investors Weigh In On Virtus Diversified Income & Convertible Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Westside Investment Management Inc. purchased a new position in shares of Virtus Diversified Income & Convertible Fund during the fourth quarter worth about $41,000. World Equity Group Inc. lifted its position in Virtus Diversified Income & Convertible Fund by 273.5% during the 4th quarter. World Equity Group Inc. now owns 54,501 shares of the consumer goods maker’s stock worth $1,196,000 after acquiring an additional 39,909 shares during the period. Wolverine Asset Management LLC lifted its position in Virtus Diversified Income & Convertible Fund by 12.0% during the 4th quarter. Wolverine Asset Management LLC now owns 135,942 shares of the consumer goods maker’s stock worth $2,984,000 after acquiring an additional 14,569 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Virtus Diversified Income & Convertible Fund in the 4th quarter valued at approximately $3,151,000. Finally, Guggenheim Capital LLC increased its holdings in shares of Virtus Diversified Income & Convertible Fund by 13.7% in the fourth quarter. Guggenheim Capital LLC now owns 245,793 shares of the consumer goods maker’s stock valued at $5,395,000 after purchasing an additional 29,659 shares during the period.

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.