Virtus Equity & Convertible Income Fund (NYSE:NIE) Short Interest Update

Virtus Equity & Convertible Income Fund (NYSE:NIE) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 9,600 shares, agrowthof464.7% from the July 15th total of 1,700 shares. Based on an average trading volume of 57,700 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 57,700 shares, the short-interest ratio is currently 0.2 days.

Virtus Equity & Convertible Income Fund Stock Performance

NIE opened at $24.41 on Friday. Virtus Equity & Convertible Income Fund has a 52-week low of $18.54 and a 52-week high of $25.44. The firm’s 50-day moving average price is $23.83 and its 200-day moving average price is $23.15.

Institutional Trading of Virtus Equity & Convertible Income Fund

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of Virtus Equity & Convertible Income Fund by 13.8% during the first quarter. Royal Bank of Canada now owns 559,567 shares of the company’s stock worth $12,383,000 after buying an additional 67,801 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Virtus Equity & Convertible Income Fund by 2.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 385,540 shares of the company’s stock worth $9,280,000 after acquiring an additional 9,451 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in Virtus Equity & Convertible Income Fund by 2.5% during the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 211,461 shares of the company’s stock worth $5,054,000 after acquiring an additional 5,119 shares during the period. LPL Financial LLC lifted its position in Virtus Equity & Convertible Income Fund by 23.2% during the 1st quarter. LPL Financial LLC now owns 177,417 shares of the company’s stock worth $3,926,000 after acquiring an additional 33,397 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in Virtus Equity & Convertible Income Fund by 1,725.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 163,143 shares of the company’s stock valued at $3,899,000 after purchasing an additional 154,208 shares during the last quarter.

About Virtus Equity & Convertible Income Fund

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.