Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Grows By 32.7%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 28,766 shares, an increase of 32.7% from the February 12th total of 21,683 shares. Based on an average daily volume of 39,742 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 39,742 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VGI. Comerica Bank raised its stake in Virtus Global Multi-Sector Income Fund by 28.9% during the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after buying an additional 1,303 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Virtus Global Multi-Sector Income Fund during the fourth quarter valued at $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 worth $83,000 after acquiring an additional 6,660 shares during the period. Integrity Advisory Solutions LLC bought a new position in shares of Virtus Global Multi-Sector Income Fund in the 3rd quarter worth about $91,000. Finally, Kovack Advisors Inc. bought a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter worth about $94,000.

Virtus Global Multi-Sector Income Fund Trading Down 0.7%

Shares of NYSE VGI traded down $0.05 during trading on Monday, reaching $7.53. The company had a trading volume of 28,685 shares, compared to its average volume of 45,824. The company’s fifty day moving average price is $7.84 and its 200-day moving average price is $7.87. Virtus Global Multi-Sector Income Fund has a 12 month low of $7.00 and a 12 month high of $8.09.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be issued a $0.08 dividend. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a yield of 12.7%.

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.