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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 56,000 shares, a growth of 574.7% from the November 15th total of 8,300 shares. Based on an average daily trading volume, of 102,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDF. Sequoia Financial Advisors LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the third quarter worth approximately $86,000. Wedbush Securities Inc. lifted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after acquiring an additional 17,977 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 223.4% in the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock valued at $369,000 after acquiring an additional 48,408 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

EDF traded up $0.04 during trading on Friday, reaching $4.90. The stock had a trading volume of 20,650 shares, compared to its average volume of 115,187. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $4.22 and a one year high of $5.75. The stock’s 50 day moving average is $5.05 and its two-hundred day moving average is $5.21.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 14.69%.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.