Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Update

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 9,875 shares, a decline of 66.9% from the June 30th total of 29,837 shares. Based on an average daily volume of 41,930 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Virtus Global Multi-Sector Income Fund by 28.9% in the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after acquiring an additional 1,303 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at $53,000. Bank of America Corp DE grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after purchasing an additional 6,660 shares during the period. Kovack Advisors Inc. purchased a new position in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter worth $94,000. Finally, Van Diest Capital LLC acquired a new stake in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter worth about $97,000.

Virtus Global Multi-Sector Income Fund Trading Down 0.5%

NYSE:VGI opened at $7.20 on Friday. The company’s 50-day moving average is $7.40 and its two-hundred day moving average is $7.58. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.18 and a 1-year high of $8.09.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%.

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.