Virtus Total Return Fund Inc. (NYSE:ZTR) Short Interest Update

Virtus Total Return Fund Inc. (NYSE:ZTR) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 13,565 shares, a decrease of 40.6% from the April 30th total of 22,822 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 106,837 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Virtus Total Return Fund

Several large investors have recently bought and sold shares of ZTR. Saba Capital Management L.P. bought a new stake in Virtus Total Return Fund in the first quarter valued at approximately $7,512,000. Alpine Global Management LLC bought a new stake in Virtus Total Return Fund in the third quarter valued at approximately $4,064,000. Advisors Asset Management Inc. bought a new stake in Virtus Total Return Fund in the fourth quarter valued at approximately $822,000. Ashton Thomas Securities LLC increased its stake in Virtus Total Return Fund by 99.8% in the first quarter. Ashton Thomas Securities LLC now owns 226,800 shares of the investment management company’s stock valued at $1,501,000 after purchasing an additional 113,300 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Virtus Total Return Fund by 33.9% in the second quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company’s stock valued at $2,108,000 after purchasing an additional 85,767 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

Virtus Total Return Fund Trading Up 1.0%

NYSE ZTR traded up $0.06 on Thursday, reaching $6.63. The company had a trading volume of 90,609 shares, compared to its average volume of 186,738. The stock’s 50 day moving average is $6.75 and its 200-day moving average is $6.61. Virtus Total Return Fund has a 52 week low of $5.97 and a 52 week high of $7.11.

Virtus Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a $0.055 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Thursday, August 13th.

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).