Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Declines By 49.0%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 18,100 shares, a decline of 49.0% from the February 28th total of 35,500 shares. Based on an average trading volume of 39,500 shares, the short-interest ratio is currently 0.5 days.

Virtus Global Multi-Sector Income Fund Stock Down 0.2 %

NYSE:VGI traded down $0.02 during midday trading on Friday, hitting $7.73. The stock had a trading volume of 33,783 shares, compared to its average volume of 37,141. Virtus Global Multi-Sector Income Fund has a one year low of $7.18 and a one year high of $8.32. The stock has a 50-day moving average of $7.80 and a 200 day moving average of $7.89.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be given a $0.08 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.96 annualized dividend and a dividend yield of 12.41%.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC raised its position in shares of Virtus Global Multi-Sector Income Fund by 13.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 48,216 shares of the company’s stock worth $368,000 after acquiring an additional 5,819 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Virtus Global Multi-Sector Income Fund by 8.7% in the fourth quarter. CoreCap Advisors LLC now owns 128,958 shares of the company’s stock worth $985,000 after purchasing an additional 10,375 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Virtus Global Multi-Sector Income Fund during the third quarter valued at about $98,000. LPL Financial LLC boosted its holdings in shares of Virtus Global Multi-Sector Income Fund by 6.9% in the 4th quarter. LPL Financial LLC now owns 198,247 shares of the company’s stock valued at $1,515,000 after buying an additional 12,771 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter worth approximately $108,000.

Virtus Global Multi-Sector Income Fund Company Profile

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.