NIE
Virtus Equity & Convertible Income Fund·Financial Services
26.48
0.526%(−0.14)
Market ClosedLast Updated: — ET
52W L: $22.7452W H: $27.02
Virtus Equity & Convertible Income Fund·Financial Services
Virtus Equity & Convertible Income Fund (NIE) remains a buy, trading at a 10.64% NAV discount and offering a 7.7% yield. NIE's strategy blends equities and convertibles, with a heavy technology allocation and option writing to amplify income but limit NAV growth. The fund's distributions are well-covered by earnings, but rely heavily on net realized gains, exposing NAV to market downturns.
Virtus Equity and Convertible Income Fund (NYSE: NIE - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 31,338 shares, an increase of 59.4% from the March 15th total of 19,663 shares. Based on an average daily volume of 77,822 shares,
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.50 March 16, 2026 March 30, 2026 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should n.