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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 27,723 shares, a drop of 32.3% from the January 15th total of 40,934 shares. Based on an average trading volume of 45,432 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 45,432 shares, the days-to-cover ratio is presently 0.6 days.

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

Large investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. grew 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 worth $16,133,000 after acquiring an additional 151,690 shares in the last quarter. LPL Financial LLC boosted its holdings in Virtus Global Multi-Sector Income Fund by 9.1% during the fourth 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. Shaker Financial Services LLC grew its position in Virtus Global Multi-Sector Income Fund by 4.3% in the 3rd quarter. Shaker Financial Services LLC now owns 310,852 shares of the company’s stock worth $2,469,000 after purchasing an additional 12,916 shares in the last quarter. Fiera Capital Corp increased its stake in 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 buying an additional 46,048 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Virtus Global Multi-Sector Income Fund by 1.2% during the 4th quarter. CoreCap Advisors LLC now owns 146,133 shares of the company’s stock worth $1,146,000 after buying an additional 1,775 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Stock Performance

VGI remained flat at $7.88 during midday trading on Friday. The company’s stock had a trading volume of 30,281 shares, compared to its average volume of 44,326. The stock has a 50 day moving average of $7.84 and a two-hundred day moving average of $7.88. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.00 and a 1 year high of $8.09.

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 issued a dividend of $0.08 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a yield of 12.2%.

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.