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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a significant decline in short interest during 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 trading volume of 320,100 shares, the short-interest ratio is currently 0.2 days.

Virtus Global Dividend & Income Fund Stock Up 0.6 %

NYSE ZTR traded up $0.04 during 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 fifty-two week low of $5.25 and a fifty-two week high of $6.26. The stock’s 50 day moving average price is $5.89 and its two-hundred day moving average price 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. Investors of record on Friday, April 11th will be paid a $0.05 dividend. The ex-dividend date is Friday, April 11th.

Institutional Trading of Virtus Global Dividend & Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Absolute Investment Advisers LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 4th quarter valued at $9,355,000. Sit Investment Associates Inc. acquired a new position in shares of Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $4,963,000. Quarry LP boosted its position in Virtus Global Dividend & Income Fund by 266.9% during the 4th quarter. Quarry LP now owns 766,435 shares of the investment management company’s stock worth $4,491,000 after buying an additional 557,522 shares during the period. Capstone Investment Advisors LLC grew its holdings in Virtus Global Dividend & Income Fund by 89.8% during the 4th quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company’s stock worth $4,977,000 after acquiring an additional 401,929 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in Virtus Global Dividend & Income Fund by 33.1% in the 4th quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company’s stock valued at $5,553,000 after acquiring an additional 235,804 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

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.