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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a large drop in short interest in 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 trading volume of 222,100 shares, the days-to-cover ratio is presently 0.5 days.

Virtus Global Dividend & Income Fund Stock Performance

Shares of Virtus Global Dividend & Income Fund stock traded up $0.06 during midday trading on Friday, reaching $5.89. The company had a trading volume of 193,258 shares, compared to its average volume of 282,056. The stock has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $5.73. Virtus Global Dividend & Income Fund has a 1-year low of $5.10 and a 1-year high of $6.21.

Virtus Global Dividend & Income Fund Announces Dividend

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

Hedge Funds Weigh In On Virtus Global Dividend & Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter worth approximately $137,000. Wolverine Asset Management LLC bought a new stake in shares of Virtus Global Dividend & Income Fund during the 3rd quarter valued at $170,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Virtus Global Dividend & Income Fund by 81.6% in the 2nd 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 during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of 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 worth $188,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Integrated Capital Management Inc. increased its holdings in Virtus Global Dividend & Income Fund by 4.9% in the second quarter. Integrated Capital Management Inc. now owns 40,590 shares of the investment management company’s stock valued at $221,000 after purchasing an additional 1,911 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.