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. Based on an average daily trading volume, of 197,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company's stock are sold short.
Institutional Investors Weigh In On Virtus Global Dividend & Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of ZTR. Commonwealth Equity Services LLC boosted its position in shares of Virtus Global Dividend & Income Fund by 4.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company's stock worth $297,000 after purchasing an additional 2,375 shares in the last quarter. Arete Wealth Advisors LLC increased its position in Virtus Global Dividend & Income Fund by 12.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 41,304 shares of the investment management company's stock valued at $242,000 after buying an additional 4,565 shares in the last quarter. IFP Advisors Inc purchased a new position in Virtus Global Dividend & Income Fund during the fourth quarter valued at $29,000. Integrated Capital Management Inc. boosted its holdings in Virtus Global Dividend & Income Fund by 12.5% in the first quarter. Integrated Capital Management Inc. now owns 45,003 shares of the investment management company's stock worth $269,000 after acquiring an additional 5,013 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Virtus Global Dividend & Income Fund by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 258,888 shares of the investment management company's stock worth $1,546,000 after acquiring an additional 7,129 shares in the last quarter. Hedge funds and other institutional investors own 47.14% of the company's stock.
Virtus Global Dividend & Income Fund Price Performance
Shares of NYSE:ZTR remained flat at $6.18 during midday trading on Wednesday. 158,152 shares of the stock were exchanged, compared to its average volume of 250,023. The business has a 50-day moving average of $5.95 and a 200 day moving average of $5.94. Virtus Global Dividend & Income Fund has a 12-month low of $5.22 and a 12-month high of $6.26.
Virtus Global Dividend & Income Fund Announces Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 13th were paid a dividend of $0.05 per share. This represents a yield of 9.85%. The ex-dividend date of this dividend was Monday, May 12th.
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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