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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 340,894 shares, an increase of 101.4% from the May 31st total of 169,261 shares. Based on an average trading volume of 172,153 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A number of large investors have recently added to or reduced their stakes in the business. Absolute Investment Advisers LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter worth about $1,771,000. Eclectic Associates Inc. ADV purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at about $379,000. Quarry LP bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth approximately $336,000. Private Advisor Group LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the first quarter valued at $190,000. Finally, Arlington Capital Management Inc. bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter valued at about $163,000.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of EDF remained flat at $5.59 during trading hours on Tuesday. 148,416 shares of the stock traded hands, compared to its average volume of 203,204. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $4.72 and a 52-week high of $5.67. The company has a 50-day moving average price of $5.36 and a 200 day moving average price of $5.12.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Thursday, August 13th.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.