Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Up 86.9% in July

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,460 shares, a growth of 86.9% from the July 15th total of 9,875 shares. Based on an average daily trading volume, of 34,087 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Several hedge funds have recently bought and sold shares of the company. Stephens Inc. AR grew its position in Virtus Global Multi-Sector Income Fund by 11.4% in the 1st quarter. Stephens Inc. AR now owns 75,159 shares of the company’s stock worth $555,000 after purchasing an additional 7,670 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 24.8% during the first quarter. Kestra Advisory Services LLC now owns 40,577 shares of the company’s stock valued at $299,000 after buying an additional 8,054 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 106.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 123,258 shares of the company’s stock valued at $924,000 after buying an additional 63,666 shares during the last quarter. LPL Financial LLC boosted its position 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 during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Virtus Global Multi-Sector Income Fund by 43.8% during the fourth quarter. Osaic Holdings Inc. now owns 77,351 shares of the company’s stock worth $606,000 after buying an additional 23,548 shares during the period.

Virtus Global Multi-Sector Income Fund Trading Down 0.7%

VGI stock opened at $7.28 on Tuesday. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.18 and a 1 year high of $8.09. The stock’s fifty day moving average is $7.37 and its two-hundred day moving average is $7.52.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Thursday, August 13th.

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.