Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Rises By 33.1%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 40,934 shares, a growth of 33.1% from the December 31st total of 30,764 shares. Based on an average daily volume of 31,540 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 31,540 shares, the days-to-cover ratio is currently 1.3 days.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of Virtus Global Multi-Sector Income Fund stock opened at $7.88 on Wednesday. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.00 and a 52-week high of $8.09. The company’s 50 day moving average price is $7.83 and its 200-day moving average price is $7.88.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be given a $0.08 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Several large investors have recently modified their holdings of the business. Comerica Bank raised its position in 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 purchasing an additional 1,303 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter valued at approximately $53,000. Bank of America Corp DE raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 176.2% during the third quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock valued at $83,000 after acquiring an additional 6,660 shares in the last quarter. Integrity Advisory Solutions LLC purchased a new stake in Virtus Global Multi-Sector Income Fund in the third quarter worth $91,000. Finally, Envestnet Asset Management Inc. bought a new stake in Virtus Global Multi-Sector Income Fund in the second quarter valued at $122,000.

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.