Home Hedge Funds Virtus Total Return Fund Inc. (NYSE:ZTR) Sees Significant Growth in Short Interest

Virtus Total Return Fund Inc. (NYSE:ZTR) Sees Significant Growth in Short Interest

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Virtus Total Return Fund Inc. (NYSE:ZTRGet Rating) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 76,500 shares, a growth of 23.0% from the April 30th total of 62,200 shares. Based on an average trading volume of 109,700 shares, the days-to-cover ratio is currently 0.7 days.

Several institutional investors and hedge funds have recently made changes to their positions in ZTR. Prospera Financial Services Inc purchased a new position in shares of Virtus Total Return Fund in the 1st quarter valued at about $40,000. Wolverine Asset Management LLC purchased a new position in shares of Virtus Total Return Fund in the 4th quarter valued at about $66,000. Stratos Wealth Partners LTD. purchased a new position in shares of Virtus Total Return Fund in the 4th quarter valued at about $101,000. Concourse Financial Group Securities Inc. boosted its stake in shares of Virtus Total Return Fund by 234.2% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 11,502 shares of the investment management company’s stock valued at $109,000 after buying an additional 8,060 shares during the period. Finally, Raymond James & Associates purchased a new position in shares of Virtus Total Return Fund in the 3rd quarter valued at about $118,000. Institutional investors and hedge funds own 9.18% of the company’s stock.

Virtus Total Return Fund stock traded up $0.05 during midday trading on Wednesday, reaching $9.34. 886 shares of the stock traded hands, compared to its average volume of 76,586. The company has a 50-day simple moving average of $9.33 and a two-hundred day simple moving average of $9.35. Virtus Total Return Fund has a 12-month low of $8.17 and a 12-month high of $10.41.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 11th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date of this dividend is Wednesday, August 10th.

Virtus Total Return Fund Company Profile (Get Rating)

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.

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