Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Down 53.8% in July

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 168,040 shares, a drop of 53.8% from the June 30th total of 363,500 shares. Based on an average trading volume of 166,915 shares, the days-to-cover ratio is presently 1.0 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

EDF stock remained flat at $5.19 during midday trading on Tuesday. 45,444 shares of the company’s stock traded hands, compared to its average volume of 194,044. The business has a 50-day moving average price of $5.42 and a 200-day moving average price of $5.19. Virtus Stone Harbor Emerging Markets Income Fund has a 12-month low of $4.72 and a 12-month high of $5.67.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.9%.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in EDF. Kovack Advisors Inc. purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth about $77,000. Landscape Capital Management L.L.C. acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth about $66,000. One Capital Management LLC purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at about $53,000. Wells Fargo & Company MN grew its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 54.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock valued at $45,000 after buying an additional 3,206 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter valued at about $30,000.

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.