Short Interest in Virtus Global Multi-Sector Income Fund (NYSE:VGI) Drops By 29.4%

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 50,700 shares, a decrease of 29.4% from the November 15th total of 71,800 shares. Based on an average trading volume of 39,200 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in VGI. Raymond James & Associates lifted its holdings in Virtus Global Multi-Sector Income Fund by 9.4% during the 2nd quarter. Raymond James & Associates now owns 180,120 shares of the company’s stock worth $1,364,000 after buying an additional 15,463 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Virtus Global Multi-Sector Income Fund during the second quarter valued at $47,000. Matisse Capital boosted its holdings in Virtus Global Multi-Sector Income Fund by 13.5% in the second quarter. Matisse Capital now owns 77,022 shares of the company’s stock valued at $583,000 after acquiring an additional 9,140 shares during the last quarter. Wolverine Asset Management LLC increased its position in Virtus Global Multi-Sector Income Fund by 7.5% in the second quarter. Wolverine Asset Management LLC now owns 57,914 shares of the company’s stock worth $438,000 after purchasing an additional 4,039 shares during the period. Finally, PFG Investments LLC acquired a new position in Virtus Global Multi-Sector Income Fund during the 2nd quarter valued at about $197,000.

Virtus Global Multi-Sector Income Fund Stock Down 1.0 %

VGI stock traded down $0.08 during midday trading on Friday, hitting $7.92. The stock had a trading volume of 50,188 shares, compared to its average volume of 38,366. Virtus Global Multi-Sector Income Fund has a 52 week low of $7.18 and a 52 week high of $8.32. The stock has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $7.83.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.96 annualized dividend and a yield of 12.12%.

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.