Virtus Diversified Income & Convertible Fund (NYSE:ACV) Short Interest Down 94.6% in October

Virtus Diversified Income & Convertible Fund (NYSE:ACV) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 500 shares, a decrease of 94.6% from the October 15th total of 9,300 shares. Based on an average daily trading volume, of 31,300 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

Several large investors have recently modified their holdings of ACV. Wolverine Asset Management LLC lifted its position in Virtus Diversified Income & Convertible Fund by 275.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 121,373 shares of the consumer goods maker’s stock valued at $2,605,000 after acquiring an additional 89,088 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Virtus Diversified Income & Convertible Fund by 2,101.5% during the third quarter. International Assets Investment Management LLC now owns 52,947 shares of the consumer goods maker’s stock valued at $1,136,000 after acquiring an additional 50,542 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Virtus Diversified Income & Convertible Fund by 21.6% during the first quarter. Advisors Asset Management Inc. now owns 283,040 shares of the consumer goods maker’s stock worth $6,779,000 after buying an additional 50,326 shares during the period. Landscape Capital Management L.L.C. increased its stake in Virtus Diversified Income & Convertible Fund by 212.6% during the third quarter. Landscape Capital Management L.L.C. now owns 44,357 shares of the consumer goods maker’s stock worth $952,000 after purchasing an additional 30,169 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in Virtus Diversified Income & Convertible Fund by 137.6% in the third quarter. Shaker Financial Services LLC now owns 50,876 shares of the consumer goods maker’s stock valued at $1,092,000 after buying an additional 29,467 shares during the last quarter.

Virtus Diversified Income & Convertible Fund Stock Down 1.6 %

Shares of ACV stock traded down $0.36 during trading hours on Tuesday, reaching $22.02. 23,234 shares of the company’s stock were exchanged, compared to its average volume of 32,856. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $18.34 and a fifty-two week high of $24.50. The business has a fifty day moving average price of $21.26 and a 200-day moving average price of $21.26.

Virtus Diversified Income & Convertible Fund Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 10.26%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is presently 130.91%.

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.