Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Update

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 56,000 shares, an increase of 574.7% from the November 15th total of 8,300 shares. Based on an average daily trading volume, of 102,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Several large investors have recently made changes to their positions in the company. Wedbush Securities Inc. lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock worth $1,171,000 after buying an additional 17,977 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 223.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock worth $369,000 after purchasing an additional 48,408 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth about $86,000.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

EDF traded up $0.04 during trading on Friday, hitting $4.90. 20,650 shares of the company traded hands, compared to its average volume of 115,187. The stock’s 50-day simple moving average is $5.05 and its two-hundred day simple moving average is $5.21. Virtus Stone Harbor Emerging Markets Income Fund has a 1 year low of $4.22 and a 1 year high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.69%.

About Virtus Stone Harbor Emerging Markets Income Fund

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.