Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Drops By 41.8%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 29,500 shares, a decline of 41.8% from the November 30th total of 50,700 shares. Based on an average daily trading volume, of 40,500 shares, the days-to-cover ratio is presently 0.7 days.

Virtus Global Multi-Sector Income Fund Price Performance

Shares of VGI opened at $7.70 on Friday. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.18 and a 1 year high of $8.32. The company’s 50 day simple moving average is $7.94 and its 200 day simple moving average is $7.85.

Virtus Global Multi-Sector 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 paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.47%. The ex-dividend date of this dividend is Thursday, March 13th.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in VGI. CoreCap Advisors LLC acquired a new stake in Virtus Global Multi-Sector Income Fund in the 2nd quarter worth about $823,000. International Assets Investment Management LLC lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 722.2% during the 3rd quarter. International Assets Investment Management LLC now owns 50,549 shares of the company’s stock worth $409,000 after acquiring an additional 44,401 shares during the period. PFG Investments LLC acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the second quarter worth approximately $197,000. Stifel Financial Corp grew its holdings in Virtus Global Multi-Sector Income Fund by 57.8% in the third quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock valued at $568,000 after purchasing an additional 25,710 shares during the period. Finally, Raymond James & Associates increased its position in Virtus Global Multi-Sector Income Fund by 9.4% during the second quarter. Raymond James & Associates now owns 180,120 shares of the company’s stock worth $1,364,000 after purchasing an additional 15,463 shares during the last quarter.

About Virtus Global Multi-Sector Income Fund

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.