Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Down 21.8% in February

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 21,683 shares, a decline of 21.8% from the January 29th total of 27,723 shares. Based on an average daily trading volume, of 56,143 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 56,143 shares, the short-interest ratio is currently 0.4 days.

Virtus Global Multi-Sector Income Fund Stock Down 0.4%

Shares of VGI traded down $0.03 during mid-day trading on Tuesday, hitting $7.84. The company’s stock had a trading volume of 48,885 shares, compared to its average volume of 43,278. The stock’s 50-day moving average is $7.87 and its two-hundred day moving average is $7.88. Virtus Global Multi-Sector Income Fund has a one year low of $7.00 and a one year high of $8.09.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new position in shares of Virtus Global Multi-Sector Income Fund during the 2nd quarter worth about $122,000. Osaic Holdings Inc. grew its position in Virtus Global Multi-Sector Income Fund by 11.4% during the second quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock worth $422,000 after buying an additional 5,497 shares in the last quarter. CoreCap Advisors LLC increased its stake in Virtus Global Multi-Sector Income Fund by 3.9% during the third quarter. CoreCap Advisors LLC now owns 144,358 shares of the company’s stock valued at $1,147,000 after acquiring an additional 5,400 shares during the period. Shaker Financial Services LLC raised its holdings 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 valued at $2,469,000 after acquiring an additional 12,916 shares in the last quarter. Finally, Founders Financial Alliance LLC acquired a new position in Virtus Global Multi-Sector Income Fund in the 3rd quarter valued at approximately $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.