Short Interest in Virtus Total Return Fund Inc. (NYSE:ZTR) Expands By 153.2%

Virtus Total Return Fund Inc. (NYSE:ZTR) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 55,413 shares, a growth of 153.2% from the May 31st total of 21,888 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 139,841 shares, the short-interest ratio is currently 0.4 days.

Virtus Total Return Fund Stock Up 0.1%

Shares of Virtus Total Return Fund stock opened at $6.79 on Monday. Virtus Total Return Fund has a one year low of $6.07 and a one year high of $7.11. The stock’s fifty day moving average is $6.74 and its 200 day moving average is $6.64.

Virtus Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be given a $0.055 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC bought a new position in shares of Virtus Total Return Fund during the 3rd quarter valued at approximately $4,064,000. Advisors Asset Management Inc. purchased a new stake in Virtus Total Return Fund in the 4th quarter worth approximately $822,000. Walleye Capital LLC raised its stake in Virtus Total Return Fund by 85.1% during the 2nd quarter. Walleye Capital LLC now owns 73,618 shares of the investment management company’s stock worth $459,000 after acquiring an additional 33,844 shares during the period. Invesco Ltd. raised its stake in Virtus Total Return Fund by 74.9% during the 2nd quarter. Invesco Ltd. now owns 71,282 shares of the investment management company’s stock worth $444,000 after acquiring an additional 30,517 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in Virtus Total Return Fund during the fourth quarter valued at approximately $415,000. Institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).