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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a large growth in short interest in 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 daily trading volume, of 31,017 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 31,017 shares, the short-interest ratio is currently 0.9 days.

Virtus Global Multi-Sector Income Fund Stock Performance

NYSE:VGI traded up $0.05 on Friday, hitting $7.83. 22,667 shares of the stock were exchanged, 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 company’s 50-day moving average price is $7.81 and its 200 day moving average price is $7.87.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Investors of record on Thursday, February 12th will be paid a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Thursday, February 12th.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Several large investors have recently modified their holdings of the stock. Comerica Bank lifted its position 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 worth $46,000 after purchasing an additional 1,303 shares during the period. Bank of America Corp DE grew its stake in shares of Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after acquiring an additional 6,660 shares during the period. Integrity Advisory Solutions LLC bought a new stake in Virtus Global Multi-Sector Income Fund during the 3rd quarter valued at $91,000. Envestnet Asset Management Inc. purchased a new position in Virtus Global Multi-Sector Income Fund in the second quarter worth $122,000. Finally, Founders Financial Alliance LLC purchased a new stake in shares of Virtus Global Multi-Sector Income Fund during the third quarter worth about $128,000.

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.