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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 35,589 shares, an increase of 23.7% from the February 26th total of 28,766 shares. Based on an average daily volume of 57,610 shares, the days-to-cover ratio is currently 0.6 days.

Virtus Global Multi-Sector Income Fund Stock Up 2.3%

NYSE:VGI traded up $0.16 during trading hours on Tuesday, hitting $7.38. The stock had a trading volume of 29,275 shares, compared to its average volume of 43,460. The business’s 50 day moving average is $7.73 and its 200-day moving average is $7.81. Virtus Global Multi-Sector Income Fund has a one year low of $7.00 and a one year high of $8.09.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 13.0%.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. lifted its holdings in Virtus Global Multi-Sector Income Fund by 8.0% during the fourth 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. NewEdge Advisors LLC increased its holdings in shares of Virtus Global Multi-Sector Income Fund by 92.3% in the third quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock worth $1,115,000 after acquiring an additional 67,371 shares in the last quarter. Fiera Capital Corp raised its position in shares of Virtus Global Multi-Sector Income Fund by 41.8% during the fourth quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock worth $1,225,000 after purchasing an additional 46,048 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter worth about $304,000. Finally, LPL Financial LLC lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 9.1% during the 4th quarter. LPL Financial LLC now owns 313,639 shares of the company’s stock valued at $2,459,000 after purchasing an additional 26,056 shares in the last quarter.

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.