Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Up 101.4% in June

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 340,894 shares, an increase of 101.4% from the May 31st total of 169,261 shares. Based on an average daily trading volume, of 172,153 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 80,315 shares of the company’s stock valued at $406,000 after purchasing an additional 4,375 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the second quarter worth about $80,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 23.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 21,587 shares of the company’s stock worth $109,000 after purchasing an additional 4,094 shares during the last quarter. One Capital Management LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the third quarter worth about $53,000. Finally, Arlington Capital Management Inc. purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the third quarter worth about $163,000.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

NYSE:EDF remained flat at $5.59 during mid-day trading on Tuesday. The company’s stock had a trading volume of 148,416 shares, compared to its average volume of 203,204. The company has a 50 day moving average of $5.36 and a two-hundred day moving average of $5.12. Virtus Stone Harbor Emerging Markets Income Fund has a twelve month low of $4.72 and a twelve month high of $5.67.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Thursday, August 13th.

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.