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

Virtus Total Return Fund Inc. (NYSE:ZTR) was the target of a significant growth in short interest during the month of 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. Based on an average trading volume of 139,841 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Virtus Total Return Fund

Large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. bought a new position in shares of Virtus Total Return Fund during the 1st quarter valued at $7,512,000. Alpine Global Management LLC acquired a new position in Virtus Total Return Fund during the third quarter worth $4,064,000. Advisors Asset Management Inc. bought a new position in Virtus Total Return Fund during the fourth quarter valued at about $822,000. Ashton Thomas Securities LLC raised its holdings in Virtus Total Return Fund by 99.8% during 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 buying an additional 113,300 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of 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 worth $2,108,000 after buying an additional 85,767 shares during the last quarter. 47.14% of the stock is owned by institutional investors.

Virtus Total Return Fund Stock Performance

NYSE ZTR traded down $0.01 on Tuesday, reaching $6.83. The stock had a trading volume of 173,034 shares, compared to its average volume of 179,609. Virtus Total Return Fund has a 1 year low of $6.07 and a 1 year high of $7.11. The business has a 50 day moving average price of $6.74 and a 200 day moving average price of $6.65.

Virtus Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a dividend of $0.055 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend 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).