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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 133,300 shares, a drop of 22.0% from the September 30th total of 170,900 shares. Based on an average trading volume of 206,300 shares, the days-to-cover ratio is presently 0.6 days.

Virtus Global Dividend & Income Fund Stock Down 1.3 %

Shares of ZTR stock traded down $0.08 on Friday, reaching $5.91. 477,750 shares of the company were exchanged, compared to its average volume of 251,700. Virtus Global Dividend & Income Fund has a 1 year low of $4.64 and a 1 year high of $6.21. The business has a 50-day moving average price of $6.02 and a 200 day moving average price of $5.68.

Virtus Global Dividend & Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.60 annualized dividend and a yield of 10.15%.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

A number of hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its stake in Virtus Global Dividend & Income Fund by 81.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 13,104 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Virtus Global Dividend & Income Fund by 9.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 34,371 shares of the investment management company’s stock valued at $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 in the first quarter valued at approximately $198,000. Integrated Capital Management Inc. lifted its position 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. Finally, Commonwealth Equity Services LLC boosted its stake 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 worth $285,000 after buying an additional 4,024 shares during the last quarter. 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.