Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Significant Increase in Short Interest

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 64,408 shares, a growth of 152.1% from the April 15th total of 25,549 shares. Based on an average daily trading volume, of 129,538 shares, the short-interest ratio is currently 0.5 days.

Virtus Stone Harbor Emerging Markets Income Fund Trading Down 1.4%

Shares of EDF traded down $0.08 during trading hours on Friday, hitting $5.25. 65,509 shares of the stock traded hands, compared to its average volume of 215,309. The business has a fifty day moving average of $5.09 and a 200-day moving average of $5.00. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $4.72 and a 1-year high of $5.35.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 54.3% during the fourth quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock worth $45,000 after purchasing an additional 3,206 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at $30,000. Independent Financial Group LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 1st quarter worth $71,000. Kestra Advisory Services LLC raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 21.6% during the 1st quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock worth $659,000 after buying an additional 24,453 shares during the period. Finally, Private Advisor Group LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund during the first quarter worth about $190,000.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.