Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 55,200 shares, a drop of 49.3% from the May 15th total of 108,800 shares. Based on an average daily volume of 186,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company's shares are short sold.
Institutional Trading of Virtus Global Dividend & Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of ZTR. IFP Advisors Inc purchased a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth $29,000. HighTower Advisors LLC purchased a new position in shares of Virtus Global Dividend & Income Fund during the fourth quarter valued at $60,000. Concurrent Investment Advisors LLC purchased a new position in shares of Virtus Global Dividend & Income Fund during the first quarter valued at $61,000. XTX Topco Ltd purchased a new position in shares of Virtus Global Dividend & Income Fund during the first quarter valued at $71,000. Finally, Jane Street Group LLC purchased a new position in shares of Virtus Global Dividend & Income Fund during the fourth quarter valued at $76,000. Hedge funds and other institutional investors own 47.14% of the company's stock.
Virtus Global Dividend & Income Fund Stock Performance
ZTR stock traded down $0.04 during midday trading on Friday, reaching $6.11. The company's stock had a trading volume of 127,192 shares, compared to its average volume of 250,116. The stock has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $5.94. Virtus Global Dividend & Income Fund has a 1 year low of $5.22 and a 1 year high of $6.26.
Virtus Global Dividend & Income Fund Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, July 11th. This represents a yield of 9.8%.
About Virtus Global Dividend & Income Fund
(
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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.
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