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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 28,766 shares, an increase of 32.7% from the February 12th total of 21,683 shares. Based on an average daily volume of 39,742 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 39,742 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Several large investors have recently bought and sold shares of VGI. Sit Investment Associates Inc. grew its position in Virtus Global Multi-Sector Income Fund by 8.0% in the fourth quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock valued at $16,133,000 after acquiring an additional 151,690 shares during the last quarter. Van Diest Capital LLC bought a new position in shares of Virtus Global Multi-Sector Income Fund in the fourth quarter worth about $97,000. Cetera Investment Advisers boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 9.6% in the 4th quarter. Cetera Investment Advisers now owns 31,155 shares of the company’s stock valued at $244,000 after purchasing an additional 2,725 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at approximately $94,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 43.8% during the 4th quarter. Osaic Holdings Inc. now owns 77,351 shares of the company’s stock valued at $606,000 after purchasing an additional 23,548 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Stock Down 0.7%

Shares of VGI stock opened at $7.53 on Tuesday. The stock’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.86. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.00 and a fifty-two week high of $8.09.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Monday, May 11th.

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.