Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Update

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 6,300 shares, a drop of 93.6% from the September 30th total of 99,000 shares. Based on an average daily volume of 78,500 shares, the days-to-cover ratio is currently 0.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of Virtus Stone Harbor Emerging Markets Income Fund stock traded up $0.01 during trading on Friday, hitting $5.01. The stock had a trading volume of 46,048 shares, compared to its average volume of 114,495. Virtus Stone Harbor Emerging Markets Income Fund has a 1 year low of $3.51 and a 1 year high of $5.75. The stock has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $5.30.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 14.39%. The ex-dividend date is Tuesday, November 12th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several large investors have recently added to or reduced their stakes in EDF. J.W. Cole Advisors Inc. lifted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 148.7% in the third quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock worth $913,000 after purchasing an additional 104,181 shares in the last quarter. Wedbush Securities Inc. lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the 2nd quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock worth $1,171,000 after buying an additional 17,977 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter valued at $86,000.

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.