Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Up 520.6% in May

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 20,300 shares, a growth of 520.6% from the April 30th total of 3,271 shares. Based on an average daily volume of 40,722 shares, the short-interest ratio is presently 0.5 days.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of VGI stock traded up $0.02 during trading hours on Thursday, hitting $7.44. 14,764 shares of the company were exchanged, compared to its average volume of 42,700. Virtus Global Multi-Sector Income Fund has a one year low of $7.20 and a one year high of $8.09. The business’s 50-day simple moving average is $7.47 and its two-hundred day simple moving average is $7.70.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 12.9%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of VGI. Envestnet Asset Management Inc. acquired a new position in Virtus Global Multi-Sector Income Fund in the second quarter valued at approximately $122,000. Osaic Holdings Inc. boosted its stake in Virtus Global Multi-Sector Income Fund by 11.4% in the second quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock valued at $422,000 after acquiring an additional 5,497 shares during the period. Founders Financial Alliance LLC acquired a new position in Virtus Global Multi-Sector Income Fund in the third quarter valued at approximately $128,000. Fiera Capital Corp boosted its stake in Virtus Global Multi-Sector Income Fund by 17.0% in the third quarter. Fiera Capital Corp now owns 110,188 shares of the company’s stock valued at $875,000 after acquiring an additional 16,001 shares during the period. Finally, Integrity Advisory Solutions LLC acquired a new position in Virtus Global Multi-Sector Income Fund in the third quarter valued at approximately $91,000.

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.