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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant decrease in short interest in 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 currently 0.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

EDF stock traded up $0.02 during mid-day trading on Wednesday, hitting $5.05. 127,271 shares of the company were exchanged, compared to its average volume of 114,038. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $4.20 and a 1-year high of $5.75. The firm’s 50 day simple moving average is $5.08 and its 200 day simple moving average is $5.25.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.26%.

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

A number of large investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 148.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock valued at $913,000 after buying an additional 104,181 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the third quarter worth approximately $86,000. Finally, Wedbush Securities Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in 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 period.

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.