Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Down 49.5% in March
by Renee Jackson · The Cerbat GemVirtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 17,972 shares, a decline of 49.5% from the March 15th total of 35,589 shares. Based on an average daily volume of 32,429 shares, the days-to-cover ratio is presently 0.6 days.
Virtus Global Multi-Sector Income Fund Trading Up 0.2%
Shares of NYSE:VGI traded up $0.02 during trading on Wednesday, hitting $7.60. The stock had a trading volume of 4,975 shares, compared to its average volume of 44,890. Virtus Global Multi-Sector Income Fund has a 12-month low of $7.20 and a 12-month high of $8.09. The stock has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $7.78.
Virtus Global Multi-Sector Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be issued a $0.08 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Monday, May 11th.
Institutional Trading of Virtus Global Multi-Sector Income Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Kovack Advisors Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the fourth quarter worth $94,000. Bank of America Corp DE raised its stake in shares of Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock valued at $83,000 after buying an additional 6,660 shares during the last quarter. Comerica Bank raised its stake in shares of Virtus Global Multi-Sector Income Fund by 28.9% during the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after buying an additional 1,303 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 8.0% in the 4th quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock valued at $16,133,000 after buying an additional 151,690 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 41.8% in the fourth quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock worth $1,225,000 after buying an additional 46,048 shares during the last quarter.
About Virtus Global Multi-Sector Income Fund
The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.
The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.