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

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

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

Large investors have recently modified their holdings of the business. Walleye Capital LLC acquired a new position in Virtus Global Dividend & Income Fund during the third quarter valued at approximately $137,000. Wolverine Asset Management LLC bought a new stake in shares of Virtus Global Dividend & Income Fund in the 3rd quarter valued at approximately $170,000. Blue Bell Private Wealth Management LLC grew its position in shares of Virtus Global Dividend & Income Fund by 81.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after purchasing an additional 13,104 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Virtus Global Dividend & Income Fund by 9.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Integrated Capital Management Inc. grew its stake in shares of Virtus Global Dividend & Income Fund by 4.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 40,590 shares of the investment management company’s stock valued at $221,000 after purchasing an additional 1,911 shares during the period. 47.14% of the stock is owned by hedge funds and other institutional investors.

Virtus Global Dividend & Income Fund Price Performance

ZTR traded up $0.06 on Friday, reaching $5.89. The company had a trading volume of 193,258 shares, compared to its average volume of 253,207. The stock has a 50-day moving average price of $6.03 and a 200-day moving average price of $5.73. Virtus Global Dividend & Income Fund has a 1 year low of $5.10 and a 1 year high of $6.21.

Virtus Global Dividend & Income Fund Dividend Announcement

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

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.