Virtus Convertible & Income Fund II (NYSE:NCZ) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Virtus Convertible & Income Fund II (NYSE:NCZ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.96 and traded as high as $14.93. Virtus Convertible & Income Fund II shares last traded at $14.7250, with a volume of 26,032 shares changing hands.

Virtus Convertible & Income Fund II Price Performance

The company’s 50-day moving average price is $14.31 and its 200-day moving average price is $13.96.

Hedge Funds Weigh In On Virtus Convertible & Income Fund II

A number of hedge funds have recently made changes to their positions in NCZ. Advisors Asset Management Inc. lifted its position in shares of Virtus Convertible & Income Fund II by 22.9% in the fourth quarter. Advisors Asset Management Inc. now owns 1,052,148 shares of the investment management company’s stock valued at $14,499,000 after acquiring an additional 196,305 shares in the last quarter. Penserra Capital Management LLC raised its stake in Virtus Convertible & Income Fund II by 89.3% in the 3rd quarter. Penserra Capital Management LLC now owns 523,378 shares of the investment management company’s stock valued at $7,159,000 after purchasing an additional 246,902 shares during the last quarter. Congress Park Capital LLC raised its stake in Virtus Convertible & Income Fund II by 1.6% in the 4th quarter. Congress Park Capital LLC now owns 520,115 shares of the investment management company’s stock valued at $7,167,000 after purchasing an additional 8,321 shares during the last quarter. LPL Financial LLC lifted its holdings in Virtus Convertible & Income Fund II by 20.7% in the 4th quarter. LPL Financial LLC now owns 270,520 shares of the investment management company’s stock valued at $3,728,000 after purchasing an additional 46,388 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Virtus Convertible & Income Fund II by 85.5% during the 4th quarter. Guggenheim Capital LLC now owns 224,609 shares of the investment management company’s stock worth $3,095,000 after purchasing an additional 103,556 shares during the last quarter.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.