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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 239,491 shares, a growth of 124.1% from the August 31st total of 106,887 shares. Based on an average daily volume of 146,735 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Several large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. grew its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.9% during the second quarter. Wedbush Securities Inc. now owns 222,779 shares of the company’s stock worth $1,243,000 after purchasing an additional 18,296 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of 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 valued at $1,128,000 after purchasing an additional 3,953 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 21.6% in the 1st quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock valued at $659,000 after purchasing an additional 24,453 shares during the period. Eclectic Associates Inc. ADV boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.9% in the 2nd quarter. Eclectic Associates Inc. ADV now owns 127,002 shares of the company’s stock valued at $709,000 after purchasing an additional 3,524 shares during the period. Finally, HighTower Advisors LLC grew its stake in Virtus Stone Harbor Emerging Markets Income Fund by 688.5% during the 2nd quarter. HighTower Advisors LLC now owns 107,652 shares of the company’s stock worth $601,000 after buying an additional 94,000 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 0.4%

Shares of NYSE:EDF traded up $0.02 during trading on Tuesday, hitting $5.00. 83,137 shares of the company were exchanged, compared to its average volume of 175,507. Virtus Stone Harbor Emerging Markets Income Fund has a 12-month low of $4.72 and a 12-month high of $5.67. The firm’s 50 day moving average price is $5.22 and its 200-day moving average price is $5.25.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 14.4%. The ex-dividend date is Thursday, November 12th.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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 and, secondarily, capital appreciation by investing primarily in debt securities and other income-producing investments tied to emerging-market countries.

The fund’s portfolio may include sovereign and corporate bonds, loans, and other fixed-income securities denominated in both U.S.