Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Large Increase in Short Interest

Posted by Grant Hamersma on Jan 28th, 2025

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 48,600 shares, a growth of 548.0% from the December 31st total of 7,500 shares. Based on an average trading volume of 128,400 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A hedge fund recently bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund stock. Sequoia Financial Advisors LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,345 shares of the company’s stock, valued at approximately $86,000.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of NYSE EDF remained flat at $5.16 during midday trading on Tuesday. 123,933 shares of the stock traded hands, compared to its average volume of 139,890. The company’s 50-day moving average price is $4.94 and its two-hundred day moving average price is $5.09. Virtus Stone Harbor Emerging Markets Income Fund has a twelve month low of $4.34 and a twelve month high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 annualized dividend and a yield of 13.95%.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

(Get Free Report)

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.