Virtus Global Multi-Sector Income Fund (NYSE:VGI) Sees Significant Growth in Short Interest

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 35,500 shares, an increase of 74.9% from the February 13th total of 20,300 shares. Based on an average daily trading volume, of 42,700 shares, the days-to-cover ratio is currently 0.8 days.

Virtus Global Multi-Sector Income Fund Stock Up 0.4 %

Shares of Virtus Global Multi-Sector Income Fund stock traded up $0.03 on Friday, reaching $7.75. The company’s stock had a trading volume of 12,757 shares, compared to its average volume of 37,391. Virtus Global Multi-Sector Income Fund has a 52 week low of $7.18 and a 52 week high of $8.32. The firm’s fifty day simple moving average is $7.78 and its two-hundred day simple moving average is $7.90.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 12.39%. The ex-dividend date is Friday, April 11th.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of large investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. lifted its position in Virtus Global Multi-Sector Income Fund by 7.4% during the fourth quarter. Sit Investment Associates Inc. now owns 1,694,022 shares of the company’s stock valued at $12,942,000 after purchasing an additional 117,018 shares during the period. 1607 Capital Partners LLC raised its stake in Virtus Global Multi-Sector Income Fund by 66.5% during the 4th quarter. 1607 Capital Partners LLC now owns 462,083 shares of the company’s stock valued at $3,530,000 after buying an additional 184,501 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 6.9% during the 4th quarter. LPL Financial LLC now owns 198,247 shares of the company’s stock valued at $1,515,000 after buying an additional 12,771 shares during the period. Raymond James Financial Inc. bought a new position in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter valued at $1,480,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 8.7% in the 4th quarter. CoreCap Advisors LLC now owns 128,958 shares of the company’s stock worth $985,000 after buying an additional 10,375 shares during the last quarter.

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.