Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Update

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 70,500 shares, an increase of 77.6% from the January 15th total of 39,700 shares. Based on an average daily volume of 135,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the third quarter valued at approximately $86,000. J.W. Cole Advisors Inc. lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 148.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock valued at $913,000 after purchasing an additional 104,181 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter worth $53,000. Wolverine Asset Management LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth $425,000. Finally, Raymond James Financial Inc. bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter valued at about $331,000.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

NYSE:EDF traded up $0.02 during trading hours on Friday, hitting $5.08. 119,073 shares of the stock traded hands, compared to its average volume of 128,632. The firm has a 50 day moving average price of $4.97 and a 200 day moving average price of $5.08. Virtus Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $4.42 and a fifty-two week high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 14.19%.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.