Short Interest in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Declines By 20.5%

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 106,000 shares, a decrease 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 presently 0.5 days.

Institutional Trading of Virtus Global Dividend & Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of ZTR. Walleye Capital LLC bought a new position in shares of Virtus Global Dividend & Income Fund during the 3rd quarter valued at about $137,000. Blue Bell Private Wealth Management LLC boosted its position in 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 worth $159,000 after purchasing an additional 13,104 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Virtus Global Dividend & Income Fund during the 3rd quarter valued at about $170,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Virtus Global Dividend & Income Fund by 9.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock worth $188,000 after buying an additional 3,028 shares in the last quarter. Finally, Integrated Capital Management Inc. lifted its position in Virtus Global Dividend & Income Fund by 4.9% during the second 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 last quarter. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Up 1.0 %

Shares of ZTR traded up $0.06 during mid-day trading on Friday, hitting $5.89. 193,258 shares of the company’s stock were exchanged, compared to its average volume of 253,207. Virtus Global Dividend & Income Fund has a 52 week low of $5.10 and a 52 week high of $6.21. The stock’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $5.73.

Virtus Global Dividend & Income Fund Dividend Announcement

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

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.