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

Virtus Total Return Fund Inc. (NYSE:ZTR) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 45,358 shares, a decrease of 46.1% from the January 15th total of 84,116 shares. Based on an average daily trading volume, of 230,223 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 230,223 shares, the days-to-cover ratio is currently 0.2 days.

Virtus Total Return Fund Price Performance

ZTR traded up $0.09 during trading hours on Friday, reaching $6.89. 373,120 shares of the company’s stock traded hands, compared to its average volume of 228,022. The firm has a 50-day moving average price of $6.38 and a 200 day moving average price of $6.39. Virtus Total Return Fund has a 52-week low of $5.22 and a 52-week high of $6.89.

Virtus Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a $0.05 dividend. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Trading of Virtus Total Return Fund

Several institutional investors and hedge funds have recently modified their holdings of ZTR. North Ground Capital raised its stake in Virtus Total Return Fund by 121.5% in the third quarter. North Ground Capital now owns 1,197,000 shares of the investment management company’s stock worth $7,721,000 after buying an additional 656,500 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Virtus Total Return Fund by 47.3% during the second quarter. Wolverine Asset Management LLC now owns 462,962 shares of the investment management company’s stock valued at $2,884,000 after buying an additional 148,688 shares during the last quarter. Gridiron Partners LLC boosted its holdings in shares of Virtus Total Return Fund by 7,620.7% in the 3rd quarter. Gridiron Partners LLC now owns 1,442,455 shares of the investment management company’s stock valued at $9,304,000 after buying an additional 1,423,772 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Virtus Total Return Fund by 18.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,092 shares of the investment management company’s stock worth $75,000 after buying an additional 1,900 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Virtus Total Return Fund by 28.0% during the 2nd quarter. Stephens Inc. AR now owns 158,294 shares of the investment management company’s stock worth $986,000 after acquiring an additional 34,591 shares in the last quarter. Institutional investors own 47.14% of the company’s stock.

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).