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

Virtus Total Return Fund Inc. (NYSE:ZTR) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 50,038 shares, a decline of 76.1% from the July 15th total of 209,690 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 243,403 shares, the short-interest ratio is presently 0.2 days.

Virtus Total Return Fund Stock Down 0.0%

Virtus Total Return Fund stock traded down $0.00 during mid-day trading on Friday, reaching $6.76. 146,371 shares of the company were exchanged, compared to its average volume of 186,879. The business has a fifty day moving average of $6.78 and a 200 day moving average of $6.76. Virtus Total Return Fund has a 12-month low of $6.17 and a 12-month 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 given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Hedge Funds Weigh In On Virtus Total Return Fund

A number of large investors have recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Virtus Total Return Fund by 854.9% during the fourth quarter. CWM LLC now owns 7,582 shares of the investment management company’s stock valued at $48,000 after buying an additional 6,788 shares during the last quarter. HRT Financial LP purchased a new position in shares of Virtus Total Return Fund in the 4th quarter worth approximately $63,000. Bayban purchased a new position in shares of Virtus Total Return Fund in the 4th quarter worth approximately $65,000. Closed End Fund Advisors Inc. bought a new position in shares of Virtus Total Return Fund during the 4th quarter worth approximately $66,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Virtus Total Return Fund by 21.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,578 shares of the investment management company’s stock worth $113,000 after acquiring an additional 2,982 shares in the last quarter. 47.14% of the stock is currently owned by institutional investors.

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).