Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Rises By 520.6%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 20,300 shares, a growth of 520.6% from the April 30th total of 3,271 shares. Based on an average daily volume of 40,722 shares, the short-interest ratio is presently 0.5 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of VGI. Sit Investment Associates Inc. lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 8.0% in the 4th quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock valued at $16,133,000 after purchasing an additional 151,690 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 92.3% in the 3rd quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock valued at $1,115,000 after purchasing an additional 67,371 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 41.8% in the 4th quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock valued at $1,225,000 after purchasing an additional 46,048 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at about $304,000. Finally, LPL Financial LLC lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 9.1% in the 4th quarter. LPL Financial LLC now owns 313,639 shares of the company’s stock valued at $2,459,000 after purchasing an additional 26,056 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of NYSE VGI traded up $0.02 during midday trading on Friday, hitting $7.47. The stock had a trading volume of 32,810 shares, compared to its average volume of 42,658. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.20 and a 1-year high of $8.09. The company has a fifty day moving average price of $7.46 and a 200 day moving average price of $7.69.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 11th were paid a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend was 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.