Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Short Interest Up 87.2% in April

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 73,200 shares, a growth of 87.2% from the March 31st total of 39,100 shares. Based on an average trading volume of 275,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Virtus Global Dividend & Income Fund

Several large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth $29,000. HighTower Advisors LLC acquired a new stake in Virtus Global Dividend & Income Fund during the fourth quarter valued at $60,000. Concurrent Investment Advisors LLC bought a new position in Virtus Global Dividend & Income Fund during the first quarter valued at approximately $61,000. Jane Street Group LLC acquired a new position in shares of Virtus Global Dividend & Income Fund during the 4th quarter worth $76,000. Finally, Alpine Global Management LLC acquired a new stake in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $79,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Stock Up 0.6 %

Virtus Global Dividend & Income Fund stock traded up $0.04 during trading hours on Tuesday, reaching $6.04. 169,833 shares of the stock were exchanged, compared to its average volume of 273,310. The firm's 50 day moving average is $5.82 and its 200 day moving average is $5.91. Virtus Global Dividend & Income Fund has a 52-week low of $5.22 and a 52-week high of $6.26.

Virtus Global Dividend & Income Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 11th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.