Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Shorted: Short Interest Down 73.7% in October

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 8,491 shares, a decline of 73.7% from the October 15th total of 32,224 shares. Based on an average trading volume of 164,772 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Independent Financial Group LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth approximately $71,000. Focus Financial Network Inc. bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the third quarter valued at approximately $76,000. Madison Wealth Partners Inc bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the second quarter valued at approximately $89,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the second quarter worth $97,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 93.9% in the second quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock worth $117,000 after acquiring an additional 10,184 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 1.6%

EDF stock traded up $0.07 during mid-day trading on Friday, reaching $4.39. 134,430 shares of the stock traded hands, compared to its average volume of 175,660. The business has a 50-day moving average of $4.77 and a two-hundred day moving average of $5.10. Virtus Stone Harbor Emerging Markets Income Fund has a 52 week low of $4.16 and a 52 week 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, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 16.4%. The ex-dividend date of this dividend is Thursday, November 12th.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end investment fund focused on generating high current income, with capital appreciation as a secondary objective. The fund invests primarily in debt securities issued by emerging-market governments, government-related entities and corporations. Its portfolio may include sovereign and corporate bonds denominated in both local currencies and major international currencies, as well as fixed- and floating-rate instruments. Through these investments, the fund provides exposure to debt markets across emerging economies and may use related investment strategies and instruments to manage portfolio exposure.