Short Interest in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Declines By 28.8%

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 78,200 shares, a decline of 28.8% from the February 28th total of 109,900 shares. Based on an average trading volume of 320,100 shares, the short-interest ratio is presently 0.2 days.

Virtus Global Dividend & Income Fund Trading Down 0.1 %

Shares of ZTR stock traded down $0.01 during mid-day trading on Friday, reaching $5.93. The company’s stock had a trading volume of 316,974 shares, compared to its average volume of 278,709. The firm’s 50-day moving average is $5.89 and its two-hundred day moving average is $5.97. Virtus Global Dividend & Income Fund has a 1-year low of $5.25 and a 1-year high of $6.26.

Virtus Global Dividend & Income Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Alpine Global Management LLC bought a new position in Virtus Global Dividend & Income Fund in the 4th quarter worth approximately $79,000. CSS LLC IL lifted its stake in shares of Virtus Global Dividend & Income Fund by 11.7% during the fourth quarter. CSS LLC IL now owns 346,748 shares of the investment management company’s stock valued at $2,032,000 after acquiring an additional 36,229 shares during the period. Capstone Investment Advisors LLC boosted its holdings in Virtus Global Dividend & Income Fund by 89.8% in the fourth quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company’s stock valued at $4,977,000 after acquiring an additional 401,929 shares during the last quarter. CF Capital LLC acquired a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth about $94,000. Finally, Almitas Capital LLC raised its holdings in Virtus Global Dividend & Income Fund by 42.0% during the 4th quarter. Almitas Capital LLC now owns 437,074 shares of the investment management company’s stock worth $2,561,000 after purchasing an additional 129,284 shares during the last quarter. Institutional investors own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Company Profile

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.