Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Short Interest Update

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 106,000 shares, a drop of 20.5% from the October 15th total of 133,300 shares. Based on an average daily volume of 222,100 shares, the short-interest ratio is currently 0.5 days.

Virtus Global Dividend & Income Fund Stock Up 1.0 %

Shares of NYSE ZTR traded up $0.06 during midday trading on Friday, reaching $5.89. 193,258 shares of the company’s stock were exchanged, compared to its average volume of 282,056. Virtus Global Dividend & Income Fund has a 52-week low of $5.10 and a 52-week high of $6.21. The business’s fifty day moving average price is $6.03 and its two-hundred day moving average price is $5.73.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.19%. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Trading of Virtus Global Dividend & Income Fund

Hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC bought a new stake in Virtus Global Dividend & Income Fund in the third quarter valued at about $137,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of Virtus Global Dividend & Income Fund by 81.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 13,104 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter valued at approximately $170,000. B. Riley Wealth Advisors Inc. lifted its stake in Virtus Global Dividend & Income Fund by 9.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Integrated Capital Management Inc. boosted its holdings in Virtus Global Dividend & Income Fund by 4.9% in the second quarter. Integrated Capital Management Inc. now owns 40,590 shares of the investment management company’s stock worth $221,000 after purchasing an additional 1,911 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Company Profile

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.