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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 10,400 shares, a drop of 84.6% from the June 30th total of 67,500 shares. Based on an average trading volume of 317,700 shares, the days-to-cover ratio is currently 0.0 days.

Insider Transactions at Virtus Global Dividend & Income Fund

In other Virtus Global Dividend & Income Fund news, CFO William Patrick Bradley III acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $5.47 per share, with a total value of $27,350.00. Following the completion of the acquisition, the chief financial officer now directly owns 9,043 shares in the company, valued at approximately $49,465.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC lifted its position in Virtus Global Dividend & Income Fund by 40.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 3,213 shares during the last quarter. Gridiron Partners LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $156,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 9.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,371 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 3,011 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Virtus Global Dividend & Income Fund during the first quarter valued at approximately $198,000. Finally, Integrated Capital Management Inc. boosted its position in shares of Virtus Global Dividend & Income Fund by 5.7% during the first quarter. Integrated Capital Management Inc. now owns 38,679 shares of the investment management company’s stock worth $215,000 after buying an additional 2,074 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Performance

NYSE ZTR traded up $0.04 during trading hours on Friday, reaching $5.67. The company’s stock had a trading volume of 85,953 shares, compared to its average volume of 339,184. The business has a 50-day simple moving average of $5.47 and a 200 day simple moving average of $5.40. Virtus Global Dividend & Income Fund has a 52 week low of $4.50 and a 52 week high of $6.27.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Monday, August 12th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.58%. The ex-dividend date is Monday, August 12th.

About Virtus Global Dividend & Income Fund

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.