Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Up 32.7% in February

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 28,766 shares, an increase of 32.7% from the February 12th total of 21,683 shares. Based on an average daily volume of 39,742 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 39,742 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. increased its position in shares of Virtus Global Multi-Sector Income Fund by 8.0% during the fourth quarter. Sit Investment Associates Inc. now owns 2,057,760 shares of the company’s stock worth $16,133,000 after purchasing an additional 151,690 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Virtus Global Multi-Sector Income Fund by 92.3% in the 3rd quarter. NewEdge Advisors LLC now owns 140,371 shares of the company’s stock valued at $1,115,000 after purchasing an additional 67,371 shares in the last quarter. Fiera Capital Corp boosted its stake in Virtus Global Multi-Sector Income Fund by 41.8% during the 4th quarter. Fiera Capital Corp now owns 156,236 shares of the company’s stock worth $1,225,000 after purchasing an additional 46,048 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Virtus Global Multi-Sector Income Fund during the 4th quarter worth $304,000. Finally, LPL Financial LLC grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 9.1% during the fourth quarter. LPL Financial LLC now owns 313,639 shares of the company’s stock worth $2,459,000 after buying an additional 26,056 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Stock Down 0.2%

Shares of VGI stock traded down $0.02 on Friday, reaching $7.60. 66,721 shares of the company were exchanged, compared to its average volume of 46,174. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.00 and a 1 year high of $8.09. The business has a 50-day moving average price of $7.84 and a 200 day moving average price of $7.87.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Monday, May 11th.

About Virtus Global Multi-Sector Income Fund

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.