Virtus Global Multi-Sector Income Fund (NYSE:VGI) Sees Large Growth in Short Interest

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 35,589 shares, a growth of 23.7% from the February 26th total of 28,766 shares. Based on an average daily volume of 57,610 shares, the short-interest ratio is currently 0.6 days.

Virtus Global Multi-Sector Income Fund Trading Down 0.0%

Shares of VGI traded down $0.00 during midday trading on Monday, hitting $7.25. 35,310 shares of the company traded hands, compared to its average volume of 43,697. Virtus Global Multi-Sector Income Fund has a one year low of $7.00 and a one year high of $8.09. The stock has a 50-day moving average of $7.74 and a 200-day moving average of $7.82.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Comerica Bank boosted its stake in Virtus Global Multi-Sector Income Fund by 28.9% during the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after buying an additional 1,303 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at about $53,000. Bank of America Corp DE raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 176.2% in the 3rd 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 bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the 3rd quarter valued at about $91,000. Finally, Kovack Advisors Inc. bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter valued at about $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.