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

Virtus Total Return Fund Inc. (NYSE:ZTR) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 14,241 shares, a drop of 78.4% from the September 15th total of 66,027 shares. Based on an average daily volume of 155,242 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Virtus Total Return Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC grew its stake in Virtus Total Return Fund by 70.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 25,403 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 10,521 shares during the last quarter. Advisory Solutions Group LLC acquired a new position in Virtus Total Return Fund during the second quarter worth about $100,000. Concurrent Investment Advisors LLC lifted its holdings in shares of Virtus Total Return Fund by 85.4% in the second quarter. Concurrent Investment Advisors LLC now owns 22,341 shares of the investment management company’s stock valued at $153,000 after purchasing an additional 10,291 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Virtus Total Return Fund in the second quarter valued at about $2,529,000. Finally, Bank of America Corp DE acquired a new stake in shares of Virtus Total Return Fund in the second quarter valued at approximately $1,756,000. 47.14% of the stock is owned by institutional investors and hedge funds.

Virtus Total Return Fund Trading Up 2.0%

ZTR stock traded up $0.12 on Friday, reaching $6.19. 95,746 shares of the company’s stock were exchanged, compared to its average volume of 170,927. The stock has a fifty day moving average of $6.50 and a 200-day moving average of $6.67. Virtus Total Return Fund has a twelve month low of $5.92 and a twelve month high of $7.11.

Virtus Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a $0.0550 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 10.7%.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund (NYSE: ZTR) is a closed-end investment fund designed to pursue total return through a combination of current income and capital appreciation. Rather than operating as a traditional company, the fund invests shareholder capital in a diversified portfolio of securities.

The fund may invest in equity securities, fixed-income instruments, convertible securities and other investments issued by companies and governments in the United States and international markets.