Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Declines By 66.9%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 9,875 shares, a decline of 66.9% from the June 30th total of 29,837 shares. Based on an average daily trading volume, of 41,930 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. raised its stake in 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 during the last quarter. LPL Financial LLC boosted its stake in Virtus Global Multi-Sector Income Fund by 9.1% during the 4th quarter. LPL Financial LLC now owns 313,639 shares of the company’s stock worth $2,459,000 after purchasing an additional 26,056 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Virtus Global Multi-Sector Income Fund by 2.1% during the 2nd quarter. CoreCap Advisors LLC now owns 173,428 shares of the company’s stock worth $1,301,000 after purchasing an additional 3,645 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 41.8% during the fourth quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock worth $1,225,000 after buying an additional 46,048 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 92.3% during the third quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock worth $1,115,000 after buying an additional 67,371 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Price Performance

NYSE:VGI traded up $0.03 during trading hours on Monday, hitting $7.21. 24,620 shares of the stock were exchanged, compared to its average volume of 40,522. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.18 and a 52-week high of $8.09. The firm’s fifty day moving average price is $7.40 and its 200 day moving average price is $7.57.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be given a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Thursday, August 13th.

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.