Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Down 21.8% in February

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 21,683 shares, a drop of 21.8% from the January 29th total of 27,723 shares. Based on an average daily volume of 56,143 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 56,143 shares, the days-to-cover ratio is currently 0.4 days.

Virtus Global Multi-Sector Income Fund Trading Down 0.5%

Shares of VGI stock traded down $0.04 during trading on Wednesday, hitting $7.80. The company had a trading volume of 42,497 shares, compared to its average volume of 43,257. Virtus Global Multi-Sector Income Fund has a one year low of $7.00 and a one year high of $8.09. The stock’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.88.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank boosted its position in shares of Virtus Global Multi-Sector Income Fund by 28.9% during the 3rd quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after acquiring an additional 1,303 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Virtus Global Multi-Sector Income Fund by 1.2% during the fourth quarter. CoreCap Advisors LLC now owns 146,133 shares of the company’s stock worth $1,146,000 after purchasing an additional 1,775 shares during the last quarter. Integrity Advisory Solutions LLC boosted its holdings in shares of Virtus Global Multi-Sector Income Fund by 17.1% in the 4th quarter. Integrity Advisory Solutions LLC now owns 13,386 shares of the company’s stock valued at $105,000 after purchasing an additional 1,959 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 5.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock worth $389,000 after buying an additional 2,340 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 14.9% during the 4th quarter. Founders Financial Alliance LLC now owns 18,526 shares of the company’s stock worth $145,000 after buying an additional 2,404 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.

The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.