Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Grows By 86.9%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 18,460 shares, an increase 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 currently 0.5 days.

Virtus Global Multi-Sector Income Fund Price Performance

NYSE:VGI traded down $0.02 during midday trading on Monday, hitting $7.31. 37,130 shares of the company were exchanged, compared to its average volume of 40,744. The company has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.52. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.18 and a fifty-two week high of $8.09.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 2nd quarter valued at about $122,000. Osaic Holdings Inc. increased its position 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 buying an additional 5,497 shares during the period. SeaCrest Wealth Management LLC increased its position in Virtus Global Multi-Sector Income Fund by 5.0% during the third quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock worth $389,000 after buying an additional 2,340 shares during the period. Comerica Bank increased 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 during the period. Finally, Bank of America Corp DE lifted its stake in Virtus Global Multi-Sector Income Fund by 176.2% in the third 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.

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.