Short Interest in Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Drops By 50.0%

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 39,100 shares, a drop of 50.0% from the March 15th total of 78,200 shares. Based on an average daily trading volume, of 333,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Virtus Global Dividend & Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of ZTR. Commonwealth Equity Services LLC grew its holdings in shares of Virtus Global Dividend & Income Fund by 4.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,758 shares of the investment management company’s stock worth $297,000 after buying an additional 2,375 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in Virtus Global Dividend & Income Fund by 12.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 41,304 shares of the investment management company’s stock worth $242,000 after purchasing an additional 4,565 shares in the last quarter. Park Avenue Securities LLC lifted its position in Virtus Global Dividend & Income Fund by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 234,351 shares of the investment management company’s stock valued at $1,373,000 after purchasing an additional 4,602 shares during the period. IFP Advisors Inc purchased a new stake in Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $29,000. Finally, Integrated Capital Management Inc. boosted its stake in shares of 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 valued at $269,000 after buying an additional 5,013 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Stock Up 0.7 %

NYSE ZTR traded up $0.04 on Wednesday, reaching $5.81. The stock had a trading volume of 314,534 shares, compared to its average volume of 279,959. Virtus Global Dividend & Income Fund has a 12-month low of $5.22 and a 12-month high of $6.26. The stock has a fifty day moving average price of $5.81 and a two-hundred day moving average price of $5.93.

Virtus Global Dividend & Income Fund Cuts Dividend

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

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.