Short Interest in Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Drops By 82.8%

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 8,300 shares, a decrease of 82.8% from the October 31st total of 48,200 shares. Based on an average daily volume of 92,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth $86,000. J.W. Cole Advisors Inc. lifted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 223.4% during the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock valued at $369,000 after buying an additional 48,408 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after buying an additional 17,977 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

NYSE EDF opened at $5.03 on Friday. The firm’s 50 day moving average price is $5.08 and its 200-day moving average price is $5.24. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $4.20 and a 52-week high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 annualized dividend and a yield of 14.31%.

About Virtus Stone Harbor Emerging Markets Income Fund

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.