Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Drops By 41.8%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 29,500 shares, a decrease of 41.8% from the November 30th total of 50,700 shares. Based on an average daily volume of 40,500 shares, the short-interest ratio is presently 0.7 days.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of VGI stock opened at $7.70 on Friday. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.18 and a fifty-two week high of $8.32. The business has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $7.85.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.96 annualized dividend and a yield of 12.47%.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Virtus Global Multi-Sector Income Fund during the 3rd quarter worth approximately $98,000. Stifel Financial Corp grew its holdings in Virtus Global Multi-Sector Income Fund by 57.8% during the 3rd quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock valued at $568,000 after buying an additional 25,710 shares during the last quarter. Fiera Capital Corp increased its position in Virtus Global Multi-Sector Income Fund by 10.3% during the third quarter. Fiera Capital Corp now owns 99,661 shares of the company’s stock worth $807,000 after buying an additional 9,310 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Virtus Global Multi-Sector Income Fund in the third quarter worth $108,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 722.2% in the third quarter. International Assets Investment Management LLC now owns 50,549 shares of the company’s stock worth $409,000 after acquiring an additional 44,401 shares during the last quarter.

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.