Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH – Get Rating) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, a decrease of 84.6% from the February 13th total of 2,600 shares. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is presently 0.0 days.
Virtus Convertible & Income 2024 Target Term Fund Stock Performance
NYSE:CBH traded down $0.09 on Friday, reaching $8.58. 40,910 shares of the stock traded hands, compared to its average volume of 25,300. The company's 50 day moving average is $8.91 and its 200-day moving average is $8.75. Virtus Convertible & Income 2024 Target Term Fund has a 1-year low of $8.17 and a 1-year high of $9.67.
Get Virtus Convertible & Income 2024 Target Term Fund alerts:Virtus Convertible & Income 2024 Target Term Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be given a dividend of $0.046 per share. This represents a $0.55 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Friday, June 9th.
Institutional Trading of Virtus Convertible & Income 2024 Target Term Fund
Large investors have recently modified their holdings of the stock. Susquehanna International Group LLP lifted its holdings in shares of Virtus Convertible & Income 2024 Target Term Fund by 37.5% in the 4th quarter. Susquehanna International Group LLP now owns 23,015 shares of the company's stock worth $199,000 after purchasing an additional 6,274 shares in the last quarter. Guggenheim Capital LLC bought a new position in Virtus Convertible & Income 2024 Target Term Fund during the 1st quarter valued at $139,000. Envestnet Asset Management Inc. bought a new position in Virtus Convertible & Income 2024 Target Term Fund during the 4th quarter valued at $92,000. Advisor Group Holdings Inc. bought a new position in Virtus Convertible & Income 2024 Target Term Fund during the 1st quarter valued at $47,000. Finally, Atlas Wealth LLC bought a new position in Virtus Convertible & Income 2024 Target Term Fund during the 4th quarter valued at $90,000.
About Virtus Convertible & Income 2024 Target Term Fund
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Virtus AllianzGI Convertible & Income 2024 Target Term Fund is a closed-end investment fund. Its objective is to provide a high level of income and to return fund's original net asset value upon termination of the fund. The company was founded on March 21, 2017 and is headquartered in New York, NY.
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