Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Short Interest Update

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 103,900 shares, a growth of 20.0% from the March 31st total of 86,600 shares. Based on an average daily trading volume, of 251,800 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

Large investors have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC increased its position in Virtus Global Dividend & Income Fund by 298.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 7,967 shares of the investment management company’s stock worth $38,000 after buying an additional 5,967 shares during the period. Saba Capital Management L.P. acquired a new position in Virtus Global Dividend & Income Fund during the 3rd quarter valued at $64,000. Gridiron Partners LLC bought a new stake in Virtus Global Dividend & Income Fund in the 4th quarter valued at $156,000. B. Riley Wealth Advisors Inc. grew its position in Virtus Global Dividend & Income Fund by 22.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,360 shares of the investment management company’s stock worth $151,000 after purchasing an additional 5,688 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Virtus Global Dividend & Income Fund by 1,380.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,750 shares of the investment management company’s stock worth $162,000 after purchasing an additional 31,470 shares during the period. Institutional investors and hedge funds own 47.14% of the company’s stock.

Virtus Global Dividend & Income Fund Price Performance

Virtus Global Dividend & Income Fund stock opened at $5.38 on Wednesday. Virtus Global Dividend & Income Fund has a fifty-two week low of $4.50 and a fifty-two week high of $6.54. The firm has a fifty day moving average price of $5.39 and a two-hundred day moving average price of $5.29.

Virtus Global Dividend & Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a $0.05 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.16%.

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.