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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 35,500 shares, a growth of 74.9% from the February 13th total of 20,300 shares. Based on an average daily trading volume, of 42,700 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Virtus Global Multi-Sector Income Fund during the third quarter worth about $98,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at approximately $108,000. Cetera Investment Advisers purchased a new stake in shares of Virtus Global Multi-Sector Income Fund in the fourth quarter valued at approximately $153,000. SeaCrest Wealth Management LLC boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 13.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 48,216 shares of the company’s stock valued at $368,000 after buying an additional 5,819 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Virtus Global Multi-Sector Income Fund by 57.8% during the third quarter. Stifel Financial Corp now owns 70,175 shares of the company’s stock worth $568,000 after acquiring an additional 25,710 shares during the period.

Virtus Global Multi-Sector Income Fund Price Performance

NYSE:VGI traded up $0.03 during midday trading on Friday, hitting $7.75. 12,757 shares of the company were exchanged, compared to its average volume of 37,391. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $7.18 and a fifty-two week high of $8.32. The company has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $7.90.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, April 11th will be paid a $0.08 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.96 annualized dividend and a yield of 12.39%.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.