Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Rises By 158.3%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 26,437 shares, a growth of 158.3% from the November 30th total of 10,236 shares. Based on an average trading volume of 31,017 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 31,017 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Large investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC lifted its stake in Virtus Global Multi-Sector Income Fund by 4.3% during the third quarter. Shaker Financial Services LLC now owns 310,852 shares of the company’s stock worth $2,469,000 after purchasing an additional 12,916 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Virtus Global Multi-Sector Income Fund by 3.9% in the third quarter. CoreCap Advisors LLC now owns 144,358 shares of the company’s stock valued at $1,147,000 after purchasing an additional 5,400 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Virtus Global Multi-Sector Income Fund by 92.3% in the third quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock valued at $1,115,000 after acquiring an additional 67,371 shares in the last quarter. Fiera Capital Corp increased its position in Virtus Global Multi-Sector Income Fund by 17.0% during the 3rd quarter. Fiera Capital Corp now owns 110,188 shares of the company’s stock worth $875,000 after purchasing an additional 16,001 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Virtus Global Multi-Sector Income Fund by 11.4% in the 2nd quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock valued at $422,000 after purchasing an additional 5,497 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of VGI stock traded up $0.05 during mid-day trading on Friday, hitting $7.83. 22,667 shares of the stock traded hands, compared to its average volume of 37,789. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.00 and a 52-week high of $8.09. The stock’s fifty day moving average is $7.81 and its two-hundred day moving average is $7.87.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business 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. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date is Thursday, February 12th.

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.