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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 33,300 shares, a growth of 84.0% from the March 15th total of 18,100 shares. Based on an average trading volume of 38,500 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Several hedge funds have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 57.8% during the 3rd quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock worth $568,000 after buying an additional 25,710 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Virtus Global Multi-Sector Income Fund during the 3rd quarter worth approximately $98,000. SeaCrest Wealth Management LLC raised its stake in Virtus Global Multi-Sector Income Fund by 13.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 48,216 shares of the company’s stock valued at $368,000 after acquiring an additional 5,819 shares during the period. Raymond James Financial Inc. acquired a new stake in Virtus Global Multi-Sector Income Fund during the 4th quarter valued at $1,480,000. Finally, LPL Financial LLC boosted its position in Virtus Global Multi-Sector Income Fund by 6.9% during the fourth quarter. LPL Financial LLC now owns 198,247 shares of the company’s stock worth $1,515,000 after purchasing an additional 12,771 shares during the period.

Virtus Global Multi-Sector Income Fund Trading Up 0.6 %

Virtus Global Multi-Sector Income Fund stock traded up $0.04 during trading hours on Friday, hitting $7.38. The stock had a trading volume of 4,559 shares, compared to its average volume of 37,886. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.00 and a fifty-two week high of $8.32. The company has a 50-day moving average of $7.69 and a two-hundred day moving average of $7.82.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.01%.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.