Virtus Global Multi-Sector Income Fund (NYSE:VGI) Shares Shorted: Short Interest Up 67.8% in September

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 45,115 shares, a growth of 67.8% from the August 31st total of 26,890 shares. Based on an average daily volume of 35,575 shares, the days-to-cover ratio is currently 1.3 days.

Virtus Global Multi-Sector Income Fund Trading Up 0.4%

Shares of Virtus Global Multi-Sector Income Fund stock traded up $0.03 on Wednesday, reaching $6.75. 30,179 shares of the company were exchanged, compared to its average volume of 40,940. Virtus Global Multi-Sector Income Fund has a one year low of $6.66 and a one year high of $8.04. The company has a 50-day moving average of $7.20 and a 200 day moving average of $7.36.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Thursday, November 12th.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Closed End Fund Advisors Inc. bought a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at about $104,000. Susquehanna International Group LLP bought a new stake in shares of Virtus Global Multi-Sector Income Fund in the 2nd quarter valued at about $124,000. Van Diest Capital LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 46.4% in the 1st quarter. Van Diest Capital LLC now owns 18,046 shares of the company’s stock valued at $133,000 after purchasing an additional 5,716 shares during the period. Kovack Advisors Inc. lifted its stake in Virtus Global Multi-Sector Income Fund by 17.1% in the 2nd quarter. Kovack Advisors Inc. now owns 18,049 shares of the company’s stock valued at $135,000 after purchasing an additional 2,638 shares during the last quarter. Finally, Worth Asset Management LLC lifted its stake in Virtus Global Multi-Sector Income Fund by 116.9% in the 1st quarter. Worth Asset Management LLC now owns 32,641 shares of the company’s stock valued at $241,000 after purchasing an additional 17,592 shares during the last quarter.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a closed-end investment fund that seeks to provide investors with a high level of current income and, secondarily, capital appreciation. The fund invests across global fixed-income markets rather than concentrating on a single bond sector or geographic region.

Its portfolio may include corporate bonds, government and sovereign debt, emerging-market securities, mortgage- and asset-backed securities, bank loans, and other income-producing credit instruments.