Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Short Interest Down 20.5% in October

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 106,000 shares, a drop of 20.5% from the October 15th total of 133,300 shares. Based on an average daily volume of 222,100 shares, the days-to-cover ratio is presently 0.5 days.

Virtus Global Dividend & Income Fund Stock Performance

ZTR traded up $0.06 during trading on Friday, reaching $5.89. The company had a trading volume of 193,258 shares, compared to its average volume of 282,056. Virtus Global Dividend & Income Fund has a 12 month low of $5.10 and a 12 month high of $6.21. The business’s fifty day moving average price is $6.03 and its 200 day moving average price is $5.73.

Virtus Global Dividend & Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.60 annualized dividend and a yield of 10.19%.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its stake in Virtus Global Dividend & Income Fund by 9.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 34,388 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 3,028 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Virtus Global Dividend & Income Fund in the first quarter worth $1,066,000. Sculptor Capital LP bought a new stake in shares of Virtus Global Dividend & Income Fund in the second quarter worth $2,482,000. Commonwealth Equity Services LLC boosted its holdings in Virtus Global Dividend & Income Fund by 8.3% during the second quarter. Commonwealth Equity Services LLC now owns 52,288 shares of the investment management company’s stock worth $285,000 after purchasing an additional 4,024 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in Virtus Global Dividend & Income Fund by 81.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 29,167 shares of the investment management company’s stock valued at $159,000 after purchasing an additional 13,104 shares in the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

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.