Virtus Total Return Fund Inc. (NYSE:ZTR) Shares Shorted: Short Interest Up 680.0% in October

Virtus Total Return Fund Inc. (NYSE:ZTR) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 111,085 shares, an increase of 680.0% from the September 30th total of 14,241 shares. Based on an average daily trading volume, of 154,901 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds have recently modified their holdings of the company. Abel Hall LLC purchased a new stake in shares of Virtus Total Return Fund during the third quarter worth about $60,000. Onyx Bridge Wealth Group LLC bought a new stake in Virtus Total Return Fund in the third quarter worth $62,000. Advisory Solutions Group LLC bought a new stake in shares of Virtus Total Return Fund in the 2nd quarter worth about $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Virtus Total Return Fund by 21.9% during the second 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 during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Virtus Total Return Fund by 85.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,341 shares of the investment management company’s stock valued at $153,000 after buying an additional 10,291 shares during the period. 47.14% of the stock is currently owned by institutional investors.

Virtus Total Return Fund Stock Performance

Shares of NYSE:ZTR opened at $6.54 on Thursday. The stock has a 50 day moving average of $6.40 and a 200 day moving average of $6.65. Virtus Total Return Fund has a 12-month low of $5.92 and a 12-month high of $7.11.

Virtus Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.0550 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.66 annualized dividend and a yield of 10.1%.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund (NYSE: ZTR) is a diversified closed-end investment company. The fund seeks to provide shareholders with total return through a combination of current income and long-term capital appreciation.

The fund invests in a portfolio of equity and fixed-income securities. Its holdings may include common stocks, preferred stocks, convertible securities and debt securities, giving the portfolio exposure to both income-producing investments and companies with potential for capital appreciation.