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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 78,200 shares, a decrease 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 presently 0.2 days.

Virtus Global Dividend & Income Fund Trading Up 0.3 %

Shares of ZTR traded up $0.02 during mid-day trading on Tuesday, reaching $5.99. The company had a trading volume of 190,123 shares, compared to its average volume of 277,670. The company’s 50 day simple moving average is $5.89 and its 200 day simple moving average is $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 paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC bought a new stake in Virtus Global Dividend & Income Fund during the 4th quarter worth $79,000. CSS LLC IL grew its holdings in shares of Virtus Global Dividend & Income Fund by 11.7% during the fourth quarter. CSS LLC IL now owns 346,748 shares of the investment management company’s stock worth $2,032,000 after purchasing an additional 36,229 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in shares of Virtus Global Dividend & Income Fund by 89.8% in the fourth quarter. Capstone Investment Advisors LLC now owns 849,307 shares of the investment management company’s stock valued at $4,977,000 after buying an additional 401,929 shares during the period. CF Capital LLC bought a new position in Virtus Global Dividend & Income Fund in the 4th quarter valued at approximately $94,000. Finally, Almitas Capital LLC boosted its position in Virtus Global Dividend & Income Fund by 42.0% during the 4th quarter. Almitas Capital LLC now owns 437,074 shares of the investment management company’s stock worth $2,561,000 after buying an additional 129,284 shares during the period. 47.14% of the stock is currently owned by institutional investors and hedge funds.

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.