Virtus Global Multi-Sector Income Fund (NYSE:VGI) Sees Large Decline in Short Interest

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 9,875 shares, a decrease of 66.9% from the June 30th total of 29,837 shares. Based on an average trading volume of 41,930 shares, the short-interest ratio is presently 0.2 days.

Virtus Global Multi-Sector Income Fund Trading Down 0.5%

VGI stock opened at $7.20 on Friday. Virtus Global Multi-Sector Income Fund has a 12 month low of $7.18 and a 12 month high of $8.09. The firm has a 50-day moving average of $7.40 and a two-hundred day moving average of $7.58.

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) dividend on an annualized basis and a dividend yield of 13.3%.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank lifted its position 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter worth $53,000. Bank of America Corp DE increased its stake in shares of 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 worth $83,000 after acquiring an additional 6,660 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter worth $94,000. Finally, Van Diest Capital LLC purchased a new position in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter worth $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.