Virtus Total Return Fund Inc. (NYSE:ZTR) Shares Shorted: Short Interest Down 78.4% in September

Virtus Total Return Fund Inc. (NYSE:ZTR) was the target of a large drop in short interest during 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 trading volume, of 155,242 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Virtus Total Return Fund Trading Up 0.3%

NYSE ZTR traded up $0.02 during trading on Monday, hitting $6.21. The stock had a trading volume of 108,907 shares, compared to its average volume of 169,721. Virtus Total Return Fund has a 12 month low of $5.92 and a 12 month high of $7.11. The company’s 50-day moving average price is $6.50 and its two-hundred day moving average price is $6.67.

Virtus Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be issued a $0.0550 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 10.6%.

Institutional Trading of Virtus Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Saba Capital Management L.P. acquired a new position in Virtus Total Return Fund during the first quarter worth $7,512,000. Capstone Investment Advisors LLC bought a new position in Virtus Total Return Fund in the second quarter valued at $2,529,000. Bank of America Corp DE bought a new position in Virtus Total Return Fund in the second quarter valued at $1,756,000. Sculptor Capital LP bought a new position in Virtus Total Return Fund in the second quarter valued at $1,487,000. Finally, Ashton Thomas Securities LLC increased its stake in Virtus Total Return Fund by 99.8% in the 1st 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 during the last quarter. 47.14% of the stock is currently owned by institutional investors and hedge funds.

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.