Virtus Total Return Fund Inc. (NYSE:ZTR) Sees Significant Decline in Short Interest
by Jessica Moore · The Cerbat GemVirtus Total Return Fund Inc. (NYSE:ZTR – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 19,060 shares, a decrease of 81.8% from the March 31st total of 104,838 shares. Based on an average trading volume of 173,451 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On Virtus Total Return Fund
A number of institutional investors have recently modified their holdings of the stock. Bayban purchased a new stake in shares of Virtus Total Return Fund in the fourth quarter worth $65,000. Readystate Asset Management LP lifted its holdings in shares of Virtus Total Return Fund by 8.0% during the fourth quarter. Readystate Asset Management LP now owns 28,873 shares of the investment management company’s stock valued at $182,000 after purchasing an additional 2,136 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of Virtus Total Return Fund during the fourth quarter valued at $415,000. Guggenheim Capital LLC lifted its holdings in shares of Virtus Total Return Fund by 2.0% during the fourth quarter. Guggenheim Capital LLC now owns 1,246,096 shares of the investment management company’s stock valued at $7,850,000 after purchasing an additional 24,583 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Virtus Total Return Fund by 6.9% during the fourth quarter. Osaic Holdings Inc. now owns 71,428 shares of the investment management company’s stock valued at $450,000 after purchasing an additional 4,627 shares in the last quarter. 47.14% of the stock is owned by hedge funds and other institutional investors.
Virtus Total Return Fund Trading Up 0.2%
Shares of NYSE ZTR traded up $0.02 during trading on Friday, reaching $6.82. The company had a trading volume of 125,634 shares, compared to its average volume of 167,632. Virtus Total Return Fund has a 12-month low of $5.92 and a 12-month high of $7.11. The business’s 50-day moving average is $6.82 and its 200 day moving average is $6.57.
Virtus Total Return Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, May 11th.
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).