Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Sees Large Decline in Short Interest

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 78,200 shares, a decline of 28.8% from the February 28th total of 109,900 shares. Based on an average daily volume of 320,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Virtus Global Dividend & Income Fund

A number of institutional investors have recently modified their holdings of ZTR. IFP Advisors Inc bought a new stake in Virtus Global Dividend & Income Fund during the fourth quarter worth about $29,000. Truist Financial Corp acquired a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $168,000. Walleye Capital LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter worth approximately $137,000. Absolute Investment Advisers LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth approximately $9,355,000. Finally, Stifel Financial Corp raised its position in Virtus Global Dividend & Income Fund by 33.7% during the third quarter. Stifel Financial Corp now owns 871,539 shares of the investment management company’s stock valued at $5,404,000 after purchasing an additional 219,609 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors.

Virtus Global Dividend & Income Fund Stock Up 0.6 %

Shares of ZTR traded up $0.04 during mid-day trading on Monday, hitting $5.96. 249,551 shares of the company’s stock were exchanged, compared to its average volume of 278,593. Virtus Global Dividend & Income Fund has a 52 week low of $5.25 and a 52 week high of $6.26. The stock’s 50-day simple moving average is $5.89 and its 200-day simple moving average is $5.97.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, April 11th.

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.