Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Update

Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Rating) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 22,300 shares, a decline of 58.0% from the March 31st total of 53,100 shares. Based on an average trading volume of 40,400 shares, the days-to-cover ratio is presently 0.6 days.

Shares of VGI traded down $0.15 during midday trading on Friday, hitting $8.95. 59,491 shares of the stock traded hands, compared to its average volume of 42,217. Virtus Global Multi-Sector Income Fund has a 1-year low of $8.93 and a 1-year high of $12.75. The business’s 50 day moving average price is $9.64 and its two-hundred day moving average price is $10.67.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 12th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date is Wednesday, May 11th.

Several hedge funds and other institutional investors have recently modified their holdings of VGI. Wolverine Asset Management LLC bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the third quarter valued at about $39,000. Landscape Capital Management L.L.C. bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter valued at about $127,000. Stifel Financial Corp bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter valued at about $155,000. Mutual Advisors LLC raised its stake in shares of Virtus Global Multi-Sector Income Fund by 65.7% during the fourth quarter. Mutual Advisors LLC now owns 18,512 shares of the company’s stock valued at $207,000 after purchasing an additional 7,342 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Virtus Global Multi-Sector Income Fund by 15.9% during the third quarter. LPL Financial LLC now owns 21,394 shares of the company’s stock valued at $252,000 after purchasing an additional 2,937 shares in the last quarter.

About Virtus Global Multi-Sector Income Fund (Get Rating)

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.

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