Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Up 32.7% in February

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 28,766 shares, a growth of 32.7% from the February 12th total of 21,683 shares. Based on an average daily trading volume, of 39,742 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 39,742 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of VGI. Sit Investment Associates Inc. boosted its holdings in Virtus Global Multi-Sector Income Fund by 8.0% in the 4th quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock valued at $16,133,000 after purchasing an additional 151,690 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Virtus Global Multi-Sector Income Fund by 92.3% during the 3rd quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock worth $1,115,000 after buying an additional 67,371 shares during the last quarter. Fiera Capital Corp raised its position in shares of Virtus Global Multi-Sector Income Fund by 41.8% during the 4th quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock valued at $1,225,000 after buying an additional 46,048 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter valued at approximately $304,000. Finally, LPL Financial LLC raised its position 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 buying an additional 26,056 shares during the period.

Virtus Global Multi-Sector Income Fund Stock Down 0.2%

Shares of VGI traded down $0.02 during midday trading on Friday, reaching $7.60. The company had a trading volume of 66,721 shares, compared to its average volume of 46,174. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.00 and a 1-year high of $8.09. The firm has a 50 day simple moving average of $7.84 and a 200-day simple moving average of $7.87.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Monday, May 11th.

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.