Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Up 520.6% in May

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

Virtus Global Multi-Sector Income Fund Stock Up 0.3%

Shares of NYSE VGI traded up $0.02 during midday trading on Thursday, reaching $7.44. 14,764 shares of the company’s stock were exchanged, compared to its average volume of 42,700. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.20 and a 52-week high of $8.09. The business’s fifty day moving average price is $7.47 and its two-hundred day moving average price is $7.70.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Monday, May 11th.

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

Several large investors have recently modified their holdings of VGI. Sit Investment Associates Inc. lifted its position in shares of Virtus Global Multi-Sector Income Fund by 8.0% during the fourth quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock worth $16,133,000 after purchasing an additional 151,690 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Virtus Global Multi-Sector Income Fund by 92.3% during the third quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock worth $1,115,000 after purchasing an additional 67,371 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Virtus Global Multi-Sector Income Fund by 41.8% during the fourth quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock worth $1,225,000 after purchasing an additional 46,048 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new position in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter worth about $304,000. Finally, LPL Financial LLC lifted its position in shares of Virtus Global Multi-Sector Income Fund by 9.1% during the fourth quarter. LPL Financial LLC now owns 313,639 shares of the company’s stock worth $2,459,000 after purchasing an additional 26,056 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

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.