Short Interest in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Drops By 49.3%

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 55,200 shares, a drop of 49.3% from the May 15th total of 108,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 186,300 shares, the short-interest ratio is currently 0.3 days.

Virtus Global Dividend & Income Fund Trading Down 0.6%

Shares of Virtus Global Dividend & Income Fund stock traded down $0.04 on Friday, hitting $6.11. The company had a trading volume of 127,192 shares, compared to its average volume of 250,116. Virtus Global Dividend & Income Fund has a 52 week low of $5.22 and a 52 week high of $6.26. The business has a 50-day simple moving average of $6.00 and a 200-day simple moving average of $5.94.

Virtus Global Dividend & Income Fund Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, July 11th will be issued a dividend of $0.05 per share. This represents a yield of 9.8%. The ex-dividend date of this dividend is Friday, July 11th.

Institutional Trading of Virtus Global Dividend & Income Fund

A number of large investors have recently added to or reduced their stakes in ZTR. Truist Financial Corp bought a new stake in Virtus Global Dividend & Income Fund during the fourth quarter worth approximately $168,000. IFP Advisors Inc acquired a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $29,000. Raymond James Financial Inc. acquired a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $886,000. Blue Bell Private Wealth Management LLC boosted its stake in Virtus Global Dividend & Income Fund by 67.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 111,307 shares of the investment management company’s stock worth $652,000 after purchasing an additional 44,783 shares during the period. Finally, HighTower Advisors LLC acquired a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $60,000. 47.14% of the stock is currently owned by institutional investors.

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.