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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 20,300 shares, a growth of 520.6% from the April 30th total of 3,271 shares. Based on an average daily volume of 40,722 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. bought a new stake in Virtus Global Multi-Sector Income Fund during the 2nd quarter worth approximately $122,000. Osaic Holdings Inc. boosted its position in shares of Virtus Global Multi-Sector Income Fund by 11.4% during the second quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock valued at $422,000 after buying an additional 5,497 shares during the last quarter. Founders Financial Alliance LLC bought a new stake in Virtus Global Multi-Sector Income Fund during the third quarter worth $128,000. Fiera Capital Corp grew its holdings in Virtus Global Multi-Sector Income Fund by 17.0% during the third quarter. Fiera Capital Corp now owns 110,188 shares of the company’s stock worth $875,000 after buying an additional 16,001 shares in the last quarter. Finally, Integrity Advisory Solutions LLC purchased a new stake in Virtus Global Multi-Sector Income Fund in the 3rd quarter valued at $91,000.

Virtus Global Multi-Sector Income Fund Stock Performance

VGI opened at $7.47 on Friday. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.20 and a 1-year high of $8.09. The company’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $7.69.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 11th were issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date was 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.