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 target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 155,700 shares, a drop of 29.5% from the August 15th total of 220,800 shares. Based on an average daily volume of 243,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Virtus Global Dividend & Income Fund

A number of hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC increased its position 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 worth $89,000 after purchasing an additional 4,883 shares during the last quarter. Gridiron Partners LLC acquired a new stake in Virtus Global Dividend & Income Fund during the fourth quarter worth about $156,000. B. Riley Wealth Advisors Inc. increased its position 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 purchasing an additional 3,011 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Virtus Global Dividend & Income Fund during the first quarter valued at about $198,000. Finally, Integrated Capital Management Inc. increased 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 valued at $215,000 after acquiring an additional 2,074 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Price Performance

Shares of NYSE ZTR traded up $0.04 during mid-day trading on Monday, reaching $6.06. The company’s stock had a trading volume of 183,424 shares, compared to its average volume of 259,716. The stock has a 50-day moving average of $5.77 and a two-hundred day moving average of $5.54. Virtus Global Dividend & Income Fund has a 1-year low of $4.50 and a 1-year high of $6.07.

Virtus Global Dividend & Income Fund Announces Dividend

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