Virtus Total Return Fund Inc. (NYSE:ZTR) Sees Significant Drop in Short Interest

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 55,200 shares, a decrease of 49.3% from the May 15th total of 108,800 shares. Based on an average trading volume of 186,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company's shares are short sold.

Virtus Total Return Fund Price Performance

Shares of Virtus Total Return Fund stock traded down $0.03 during trading on Wednesday, hitting $6.01. The stock had a trading volume of 184,236 shares, compared to its average volume of 249,611. Virtus Total Return Fund has a 12 month low of $5.22 and a 12 month high of $6.26. The firm's fifty day simple moving average is $6.03 and its 200-day simple moving average is $5.94.

Virtus Total Return Fund Dividend Announcement

The company also recently disclosed a jul 25 dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, July 11th will be paid a $0.05 dividend. This represents a yield of 9.8%. The ex-dividend date is Friday, July 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ZTR. Truist Financial Corp bought a new stake in shares of Virtus Total Return Fund during the 4th quarter worth approximately $168,000. IFP Advisors Inc purchased a new stake in Virtus Total Return Fund in the fourth quarter worth $29,000. Raymond James Financial Inc. bought a new stake in shares of Virtus Total Return Fund during the fourth quarter worth $886,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Virtus Total Return Fund by 67.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 111,307 shares of the investment management company's stock worth $652,000 after purchasing an additional 44,783 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Virtus Total Return Fund during the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 47.14% of the company's stock.

About Virtus Total Return 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.