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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 87,700 shares, a growth of 154.9% from the February 13th total of 34,400 shares. Based on an average trading volume of 139,900 shares, the short-interest ratio is presently 0.6 days.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of Virtus Stone Harbor Emerging Markets Income Fund stock traded down $0.05 during trading on Thursday, hitting $5.07. The stock had a trading volume of 98,489 shares, compared to its average volume of 114,259. Virtus Stone Harbor Emerging Markets Income Fund has a 12 month low of $4.58 and a 12 month high of $5.75. The firm’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $5.07.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.72 annualized dividend and a dividend yield of 14.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EDF. Jane Street Group LLC purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter worth $86,000. Raymond James Financial Inc. purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth about $331,000. Arlington Capital Management Inc. purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth about $143,000. Creative Financial Designs Inc. ADV boosted its position in Virtus Stone Harbor Emerging Markets Income Fund by 41.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 17,314 shares of the company’s stock valued at $81,000 after buying an additional 5,085 shares during the period. Finally, Naviter Wealth LLC purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at about $87,000.

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.