Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Down 6.4% in June

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 360,900 shares, a drop of 6.4% from the May 31st total of 385,400 shares. Based on an average daily volume of 122,500 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at approximately $1,284,000. Dynamic Advisor Solutions LLC raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 3.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 131,277 shares of the company’s stock valued at $580,000 after buying an additional 4,598 shares during the period. Shaker Financial Services LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at approximately $322,000. Arlington Capital Management Inc. raised its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.6% during the 1st quarter. Arlington Capital Management Inc. now owns 54,295 shares of the company’s stock valued at $294,000 after buying an additional 2,901 shares during the period. Finally, Advisory Services Network LLC raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 118.5% in the fourth quarter. Advisory Services Network LLC now owns 45,645 shares of the company’s stock valued at $197,000 after purchasing an additional 24,757 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 1.0 %

Shares of EDF stock traded up $0.05 during trading on Tuesday, hitting $5.32. 53,047 shares of the stock traded hands, compared to its average volume of 136,388. The firm’s fifty day moving average price is $5.46 and its 200-day moving average price is $5.01. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $3.51 and a 52-week high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 13.53%. The ex-dividend date of this dividend is Thursday, July 11th.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.