Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Cross Below 50-Day Moving Average – Time to Sell?

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.05 and traded as low as $4.83. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.9150, with a volume of 159,255 shares.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The business has a fifty day simple moving average of $5.05 and a 200 day simple moving average of $4.98.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 14.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EDF. Jane Street Group LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 2nd quarter valued at approximately $80,000. Kovack Advisors Inc. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth approximately $77,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth approximately $66,000. One Capital Management LLC purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at approximately $53,000. Finally, Advisory Services Network LLC purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at approximately $30,000.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.