Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 108,800 shares, a growth of 74.9% from the April 30th total of 62,200 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 197,500 shares, the days-to-cover ratio is presently 0.6 days.
Virtus Global Dividend & Income Fund Trading Up 0.5%
Virtus Global Dividend & Income Fund stock traded up $0.03 during trading hours on Monday, reaching $6.20. 130,748 shares of the stock were exchanged, compared to its average volume of 251,135. The stock has a 50 day moving average of $5.93 and a two-hundred day moving average of $5.93. Virtus Global Dividend & Income Fund has a twelve month low of $5.22 and a twelve month high of $6.26.
Virtus Global Dividend & Income Fund Dividend Announcement
The company also recently declared a dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 13th were given a dividend of $0.05 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 9.85%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC bought a new position in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at $9,355,000. Truist Financial Corp bought a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $168,000. IFP Advisors Inc bought a new position in Virtus Global Dividend & Income Fund in the fourth quarter valued at about $29,000. Raymond James Financial Inc. acquired a new position in Virtus Global Dividend & Income Fund during the fourth quarter worth about $886,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of Virtus Global Dividend & Income Fund by 67.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 111,307 shares of the investment management company's stock valued at $652,000 after purchasing an additional 44,783 shares in the last quarter. 47.14% of the stock is owned by institutional investors.
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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