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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 27,723 shares, a drop of 32.3% from the January 15th total of 40,934 shares. Based on an average daily volume of 45,432 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 45,432 shares, the short-interest ratio is currently 0.6 days.

Virtus Global Multi-Sector Income Fund Stock Performance

Virtus Global Multi-Sector Income Fund stock opened at $7.88 on Monday. The firm has a 50 day simple moving average of $7.84 and a 200 day simple moving average of $7.88. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.00 and a 1-year high of $8.09.

Virtus Global Multi-Sector Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VGI. Comerica Bank grew its holdings 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 buying an additional 1,303 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Virtus Global Multi-Sector Income Fund in the fourth quarter valued at approximately $53,000. Bank of America Corp DE grew its stake in 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 position in Virtus Global Multi-Sector Income Fund during the third quarter valued at approximately $91,000. Finally, Kovack Advisors Inc. bought a new stake in Virtus Global Multi-Sector Income Fund during the 4th quarter worth approximately $94,000.

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.