Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Rating) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 30,100 shares, an increase of 195.1% from the November 15th total of 10,200 shares. Based on an average trading volume of 83,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NIE. JPMorgan Chase & Co. acquired a new position in shares of Virtus Equity & Convertible Income Fund during the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Virtus Equity & Convertible Income Fund by 111.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,114 shares of the company's stock worth $44,000 after buying an additional 1,114 shares in the last quarter. Tcwp LLC purchased a new stake in Virtus Equity & Convertible Income Fund during the first quarter worth about $49,000. Venture Visionary Partners LLC purchased a new stake in Virtus Equity & Convertible Income Fund during the second quarter worth about $139,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Virtus Equity & Convertible Income Fund during the second quarter worth about $222,000.

Virtus Equity & Convertible Income Fund Trading Up 0.6 %

NYSE NIE traded up $0.13 during trading on Monday, reaching $20.83. The company's stock had a trading volume of 90,139 shares, compared to its average volume of 90,143. Virtus Equity & Convertible Income Fund has a twelve month low of $19.79 and a twelve month high of $31.18. The business's fifty day moving average price is $20.97 and its 200-day moving average price is $21.67.

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.

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