Virtus Global Multi-Sector Income Fund (NYSE:VGI) Trading Down 0.1% – Time to Sell?

Shares of Virtus Global Multi-Sector Income Fund (NYSE:VGI) were down 0.1% during mid-day trading on Thursday . The company traded as low as $7.28 and last traded at $7.3350. Approximately 69,461 shares traded hands during trading, an increase of 69% from the average session volume of 41,046 shares. The stock had previously closed at $7.34.

Virtus Global Multi-Sector Income Fund Trading Down 0.1%

The firm has a 50-day simple moving average of $7.42 and a 200-day simple moving average of $7.60.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be given a $0.08 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.1%.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in Virtus Global Multi-Sector Income Fund by 28.9% during the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after purchasing an additional 1,303 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Virtus Global Multi-Sector Income Fund during the 4th quarter valued at about $53,000. Bank of America Corp DE grew its holdings in Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock valued at $83,000 after buying an additional 6,660 shares in the last quarter. Kovack Advisors Inc. bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter valued at about $94,000. Finally, Van Diest Capital LLC bought a new stake in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter valued at about $97,000.

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.