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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 18,087 shares, a decline of 45.3% from the November 30th total of 33,041 shares. Based on an average daily trading volume, of 135,348 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 135,348 shares, the days-to-cover ratio is presently 0.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 0.9%

Shares of NYSE EDF traded up $0.05 during mid-day trading on Monday, reaching $4.93. The company had a trading volume of 159,296 shares, compared to its average volume of 116,216. The firm has a 50 day simple moving average of $4.89 and a two-hundred day simple moving average of $5.00. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $4.14 and a 52-week high of $5.28.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EDF. Integrity Alliance LLC. purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 1st quarter worth approximately $122,000. Next Capital Management LLC purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the second quarter worth $50,000. Journey Strategic Wealth LLC lifted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 31.6% in the second quarter. Journey Strategic Wealth LLC now owns 25,000 shares of the company’s stock valued at $126,000 after acquiring an additional 6,000 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 374,749 shares of the company’s stock worth $1,892,000 after purchasing an additional 8,724 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 80,315 shares of the company’s stock worth $406,000 after purchasing an additional 4,375 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.