Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Large Decrease in Short Interest

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 136,184 shares, a decline of 43.1% from the September 15th total of 239,491 shares. Based on an average daily trading volume, of 128,619 shares, the short-interest ratio is presently 1.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of EDF traded down $0.04 during trading hours on Friday, reaching $4.42. The stock had a trading volume of 103,253 shares, compared to its average volume of 176,034. Virtus Stone Harbor Emerging Markets Income Fund has a 12 month low of $4.35 and a 12 month high of $5.67. The firm has a 50-day simple moving average of $5.10 and a 200 day simple moving average of $5.22.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date of this dividend is Thursday, November 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Focus Financial Network Inc. purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth $76,000. Baird Financial Group Inc. grew its position in Virtus Stone Harbor Emerging Markets Income Fund by 2.0% in the 2nd quarter. Baird Financial Group Inc. now owns 202,214 shares of the company’s stock worth $1,128,000 after purchasing an additional 3,953 shares in the last quarter. HighTower Advisors LLC increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 688.5% in the 2nd quarter. HighTower Advisors LLC now owns 107,652 shares of the company’s stock valued at $601,000 after buying an additional 94,000 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 93.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock valued at $117,000 after buying an additional 10,184 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.9% during the 2nd quarter. Wedbush Securities Inc. now owns 222,779 shares of the company’s stock worth $1,243,000 after buying an additional 18,296 shares in the last quarter.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol EDF. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations.

The fund’s portfolio may include bonds and other fixed-income instruments denominated in U.S. dollars and local currencies.