Virtus Total Return Fund Inc. (NYSE:ZTR) Short Interest Up 43.4% in May

Virtus Total Return Fund Inc. (NYSE:ZTRGet Rating) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 109,700 shares, a growth of 43.4% from the May 15th total of 76,500 shares. Based on an average daily trading volume, of 94,300 shares, the days-to-cover ratio is presently 1.2 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in shares of Virtus Total Return Fund by 15.7% in the 2nd quarter. Morgan Stanley now owns 1,960,346 shares of the investment management company’s stock valued at $19,015,000 after buying an additional 266,095 shares during the period. Centaurus Financial Inc. increased its stake in Virtus Total Return Fund by 5.8% in the first quarter. Centaurus Financial Inc. now owns 1,113,093 shares of the investment management company’s stock valued at $10,864,000 after purchasing an additional 60,543 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Virtus Total Return Fund by 20.8% in the first quarter. Guggenheim Capital LLC now owns 453,615 shares of the investment management company’s stock valued at $4,427,000 after acquiring an additional 78,200 shares in the last quarter. LPL Financial LLC boosted its holdings in Virtus Total Return Fund by 7.6% during the fourth quarter. LPL Financial LLC now owns 387,841 shares of the investment management company’s stock worth $3,681,000 after buying an additional 27,388 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Virtus Total Return Fund by 3.5% during the fourth quarter. Stifel Financial Corp now owns 76,075 shares of the investment management company’s stock worth $722,000 after buying an additional 2,554 shares in the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.

Shares of ZTR traded up $0.10 during trading hours on Wednesday, reaching $7.97. 175 shares of the company traded hands, compared to its average volume of 116,527. Virtus Total Return Fund has a 12-month low of $7.87 and a 12-month high of $10.14. The business has a fifty day moving average price of $9.18 and a 200-day moving average price of $9.32.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 12.05%. The ex-dividend date 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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