Short Interest in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Decreases By 29.5%

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 155,700 shares, a decline of 29.5% from the August 15th total of 220,800 shares. Based on an average trading volume of 243,900 shares, the days-to-cover ratio is currently 0.6 days.

Virtus Global Dividend & Income Fund Trading Up 0.7 %

Virtus Global Dividend & Income Fund stock traded up $0.04 during mid-day trading on Monday, reaching $6.06. 183,424 shares of the company traded hands, compared to its average volume of 259,716. Virtus Global Dividend & Income Fund has a fifty-two week low of $4.50 and a fifty-two week high of $6.07. The firm’s fifty day moving average is $5.77 and its two-hundred day moving average is $5.54.

Virtus Global Dividend & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.90%. The ex-dividend date is Tuesday, November 12th.

Institutional Trading of Virtus Global Dividend & Income Fund

Several large investors have recently made changes to their positions in the business. Integrated Capital Management Inc. boosted its holdings 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 worth $221,000 after buying an additional 1,911 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Virtus Global Dividend & Income Fund by 9.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,371 shares of the investment management company’s stock worth $189,000 after buying an additional 3,011 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Virtus Global Dividend & Income Fund by 8.3% during the second quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 4,024 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Virtus Global Dividend & Income Fund by 8.4% during the first quarter. SeaCrest Wealth Management LLC now owns 59,755 shares of the investment management company’s stock valued at $333,000 after purchasing an additional 4,640 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Virtus Global Dividend & Income Fund by 43.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 16,063 shares of the investment management company’s stock valued at $89,000 after purchasing an additional 4,883 shares in the last quarter. 47.14% of the stock is owned by hedge funds and other 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.