Virtus Total Return Fund (NYSE:ZTR) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Virtus Total Return Fund Inc. (NYSE:ZTRGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.75 and traded as low as $6.25. Virtus Total Return Fund shares last traded at $6.26, with a volume of 73,000 shares traded.

Virtus Total Return Fund Price Performance

The company’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $6.75.

Virtus Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, November 12th. This represents a c) annualized dividend and a yield of 10.5%.

Hedge Funds Weigh In On Virtus Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Saba Capital Management L.P. bought a new stake in Virtus Total Return Fund in the 1st quarter valued at $7,512,000. Capstone Investment Advisors LLC acquired a new stake in shares of Virtus Total Return Fund during the second quarter worth $2,529,000. Bank of America Corp DE bought a new stake in shares of Virtus Total Return Fund in the second quarter valued at about $1,756,000. Sculptor Capital LP bought a new position in Virtus Total Return Fund during the second quarter worth about $1,487,000. Finally, Ashton Thomas Securities LLC increased its position in Virtus Total Return Fund by 99.8% during the first quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock worth $1,501,000 after acquiring an additional 113,300 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

About Virtus Total Return Fund

(Get Free Report)

Virtus Total Return Fund (NYSE: ZTR) is a diversified closed-end investment company designed to provide investors with total return through a combination of current income and capital appreciation. The fund invests in a portfolio of equity and fixed-income securities, with allocations that may change in response to market conditions and the portfolio management team’s outlook.

The fund may invest across multiple industries and geographic markets, including U.S. and international securities.

Further Reading

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