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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) saw a large decline in short interest in 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 days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

A number of hedge funds have recently modified their holdings of the stock. Absolute Investment Advisers LLC acquired a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $9,355,000. Sit Investment Associates Inc. acquired a new stake in shares of Virtus Global Dividend & Income Fund in the 4th quarter valued at $4,963,000. Quarry LP boosted its holdings in Virtus Global Dividend & Income Fund by 266.9% in the fourth quarter. Quarry LP now owns 766,435 shares of the investment management company’s stock worth $4,491,000 after purchasing an additional 557,522 shares in the last quarter. Capstone Investment Advisors LLC increased its position in Virtus Global Dividend & Income Fund by 89.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company’s stock worth $4,977,000 after buying an additional 401,929 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Virtus Global Dividend & Income Fund by 33.1% during the fourth quarter. Guggenheim Capital LLC now owns 947,533 shares of the investment management company’s stock valued at $5,553,000 after buying an additional 235,804 shares in the last quarter. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Global Dividend & Income Fund Price Performance

Shares of ZTR traded down $0.01 during trading hours 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 company has a 50 day moving average of $5.89 and a two-hundred day moving average of $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 business also recently announced a dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given 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.