Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Short Interest Drops 58.0%

by · The Cerbat Gem

Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 15,819 shares, a drop of 58.0% from the September 30th total of 37,670 shares. Based on an average daily trading volume, of 45,724 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Total Wealth Planning & Management Inc. raised its position in shares of Virtus Global Multi-Sector Income Fund by 11.9% during the third quarter. Total Wealth Planning & Management Inc. now owns 52,513 shares of the company’s stock worth $354,000 after acquiring an additional 5,577 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Virtus Global Multi-Sector Income Fund by 11.5% in the third quarter. CoreCap Advisors LLC now owns 193,338 shares of the company’s stock valued at $1,305,000 after acquiring an additional 19,910 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Virtus Global Multi-Sector Income Fund in the second quarter valued at approximately $124,000. Kovack Advisors Inc. boosted its holdings in Virtus Global Multi-Sector Income Fund by 17.1% in the second quarter. Kovack Advisors Inc. now owns 18,049 shares of the company’s stock valued at $135,000 after acquiring an additional 2,638 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Virtus Global Multi-Sector Income Fund by 106.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 123,258 shares of the company’s stock valued at $924,000 after purchasing an additional 63,666 shares during the period.

Virtus Global Multi-Sector Income Fund Trading Down 0.2%

VGI traded down $0.01 during trading on Friday, reaching $6.71. 55,201 shares of the company’s stock were exchanged, compared to its average volume of 42,109. Virtus Global Multi-Sector Income Fund has a one year low of $6.48 and a one year high of $8.04. The firm has a fifty day moving average price of $6.91 and a two-hundred day moving average price of $7.38.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date is Thursday, November 12th.

About Virtus Global Multi-Sector Income Fund

(Get Free Report)

Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a closed-end investment company focused on generating current income through a diversified portfolio of global fixed-income investments. The fund invests across multiple sectors of the bond market rather than concentrating on a single type of issuer or security.

Its portfolio may include corporate bonds, government and sovereign debt, emerging-market securities, structured and securitized investments, and other income-producing fixed-income instruments.

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