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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 10,400 shares, a decrease of 84.6% from the June 30th total of 67,500 shares. Based on an average daily volume of 317,700 shares, the short-interest ratio is currently 0.0 days.

Insider Activity

In other news, CFO William Patrick Bradley III acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $5.47 per share, with a total value of $27,350.00. Following the completion of the acquisition, the chief financial officer now owns 9,043 shares of the company’s stock, valued at $49,465.21. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.65% of the company’s stock.

Institutional Trading of Virtus Global Dividend & Income Fund

Hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC boosted its position in Virtus Global Dividend & Income Fund by 40.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,180 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,213 shares in the last quarter. Gridiron Partners LLC purchased a new position in Virtus Global Dividend & Income Fund during the fourth quarter worth approximately $156,000. B. Riley Wealth Advisors Inc. boosted 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 in the last quarter. J.W. Cole Advisors Inc. purchased a new position in Virtus Global Dividend & Income Fund during the first quarter worth approximately $198,000. Finally, Integrated Capital Management Inc. boosted its position in 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 worth $215,000 after purchasing an additional 2,074 shares in the last quarter. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Stock Up 0.2 %

Shares of ZTR traded up $0.01 during mid-day trading on Thursday, reaching $5.63. The company had a trading volume of 115,247 shares, compared to its average volume of 269,955. Virtus Global Dividend & Income Fund has a 52-week low of $4.50 and a 52-week high of $6.27. The stock has a 50 day moving average of $5.47 and a two-hundred day moving average of $5.40.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Monday, August 12th will be paid a $0.05 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.67%.

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.