Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Update

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,460 shares, a growth of 86.9% from the July 15th total of 9,875 shares. Based on an average daily trading volume, of 34,087 shares, the short-interest ratio is presently 0.5 days.

Virtus Global Multi-Sector Income Fund Stock Down 0.6%

Shares of NYSE:VGI traded down $0.04 during mid-day trading on Friday, reaching $7.34. 12,643 shares of the stock were exchanged, compared to its average volume of 40,767. The stock’s 50 day simple moving average is $7.37 and its 200-day simple moving average is $7.52. Virtus Global Multi-Sector Income Fund has a one year low of $7.18 and a one year high of $8.09.

Virtus Global Multi-Sector Income Fund Dividend Announcement

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

Institutional Trading of Virtus Global Multi-Sector Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in shares of Virtus Global Multi-Sector Income Fund in the second quarter worth $122,000. Osaic Holdings Inc. boosted its holdings in Virtus Global Multi-Sector Income Fund by 11.4% during the second quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock worth $422,000 after purchasing an additional 5,497 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in Virtus Global Multi-Sector Income Fund by 5.0% in the third quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock valued at $389,000 after purchasing an additional 2,340 shares in the last quarter. Comerica Bank grew its position in Virtus Global Multi-Sector Income Fund by 28.9% in the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after purchasing an additional 1,303 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Virtus Global Multi-Sector Income Fund by 176.2% in 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 during the last quarter.

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.