Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Short Interest Down 29.5% in August

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 155,700 shares, a drop of 29.5% from the August 15th total of 220,800 shares. Based on an average daily volume of 243,900 shares, the days-to-cover ratio is currently 0.6 days.

Virtus Global Dividend & Income Fund Stock Up 0.7 %

Shares of NYSE:ZTR traded up $0.04 during trading on Monday, hitting $6.06. 183,424 shares of the company’s stock were exchanged, compared to its average volume of 259,716. The firm has a 50-day moving average price of $5.77 and a two-hundred day moving average price of $5.54. Virtus Global Dividend & Income Fund has a 1-year low of $4.50 and a 1-year high of $6.07.

Virtus Global Dividend & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Tuesday, November 12th.

Institutional Trading of Virtus Global Dividend & Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of Virtus Global Dividend & Income Fund by 248.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 117,705 shares of the investment management company’s stock valued at $649,000 after acquiring an additional 83,955 shares during the last quarter. Weiss Asset Management LP bought a new stake in Virtus Global Dividend & Income Fund in the fourth quarter valued at approximately $476,000. Gridiron Partners LLC acquired a new stake in Virtus Global Dividend & Income Fund in the fourth quarter worth $156,000. Karpus Management Inc. grew its holdings in shares of Virtus Global Dividend & Income Fund by 180.6% in the 4th quarter. Karpus Management Inc. now owns 2,353,707 shares of the investment management company’s stock valued at $12,969,000 after buying an additional 1,515,022 shares during the period. Finally, Bulldog Investors LLP grew its holdings in shares of Virtus Global Dividend & Income Fund by 145.3% in the 4th quarter. Bulldog Investors LLP now owns 957,960 shares of the investment management company’s stock valued at $5,248,000 after buying an additional 567,422 shares during the period. Institutional investors own 47.14% of the company’s stock.

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.