Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Large Decrease in Short Interest

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 9,054 shares, a drop of 49.9% from the December 15th total of 18,087 shares. Based on an average daily volume of 109,436 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 109,436 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EDF. J.W. Cole Advisors Inc. increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 5.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 395,380 shares of the company’s stock worth $1,997,000 after purchasing an additional 20,631 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 6.3% during the third quarter. Wedbush Securities Inc. now owns 221,942 shares of the company’s stock worth $1,121,000 after acquiring an additional 13,103 shares during the period. Moors & Cabot Inc. lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 9.5% in the 3rd quarter. Moors & Cabot Inc. now owns 117,475 shares of the company’s stock valued at $593,000 after acquiring an additional 10,150 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Virtus Stone Harbor Emerging Markets Income Fund by 2.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 96,153 shares of the company’s stock worth $486,000 after purchasing an additional 2,108 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 3.4% during the 3rd quarter. Raymond James Financial Inc. now owns 83,022 shares of the company’s stock worth $419,000 after purchasing an additional 2,707 shares in the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Virtus Stone Harbor Emerging Markets Income Fund stock traded up $0.04 during trading hours on Friday, reaching $4.90. 233,645 shares of the company’s stock traded hands, compared to its average volume of 189,022. Virtus Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $4.14 and a fifty-two week high of $5.28. The firm’s 50 day moving average is $4.89 and its 200-day moving average is $5.00.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Thursday, February 12th.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.