Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Grows By 74.9%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 35,500 shares, a growth of 74.9% from the February 13th total of 20,300 shares. Based on an average daily volume of 42,700 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of large investors have recently made changes to their positions in VGI. Virtu Financial LLC acquired a new stake in shares of Virtus Global Multi-Sector Income Fund during the 3rd quarter worth about $98,000. Total Wealth Planning & Management Inc. acquired a new stake in Virtus Global Multi-Sector Income Fund during the fourth quarter worth approximately $108,000. Cetera Investment Advisers acquired a new stake in Virtus Global Multi-Sector Income Fund during the fourth quarter worth approximately $153,000. SeaCrest Wealth Management LLC grew its stake in Virtus Global Multi-Sector Income Fund by 13.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 48,216 shares of the company’s stock worth $368,000 after acquiring an additional 5,819 shares during the period. Finally, Stifel Financial Corp raised its holdings in Virtus Global Multi-Sector Income Fund by 57.8% in the 3rd quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock valued at $568,000 after acquiring an additional 25,710 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Stock Up 0.4 %

Shares of VGI stock traded up $0.03 during trading hours on Friday, hitting $7.75. The company’s stock had a trading volume of 12,757 shares, compared to its average volume of 37,391. Virtus Global Multi-Sector Income Fund has a twelve month low of $7.18 and a twelve month high of $8.32. The business has a fifty day moving average of $7.78 and a 200-day moving average of $7.90.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 12.39%. The ex-dividend date of this dividend is Friday, April 11th.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.