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

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

Virtus Global Multi-Sector Income Fund Trading Down 0.2 %

Shares of NYSE:VGI traded down $0.02 on Friday, hitting $7.73. 33,783 shares of the company were exchanged, compared to its average volume of 37,141. The stock’s 50 day moving average price is $7.80 and its 200 day moving average price is $7.89. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.18 and a 1-year high of $8.32.

Virtus Global Multi-Sector Income Fund Announces Dividend

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

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

A number of institutional investors have recently modified their holdings of VGI. Sit Investment Associates Inc. boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 7.4% in the fourth quarter. Sit Investment Associates Inc. now owns 1,694,022 shares of the company’s stock worth $12,942,000 after buying an additional 117,018 shares during the last quarter. 1607 Capital Partners LLC lifted its holdings in Virtus Global Multi-Sector Income Fund by 66.5% in the fourth quarter. 1607 Capital Partners LLC now owns 462,083 shares of the company’s stock valued at $3,530,000 after acquiring an additional 184,501 shares during the period. LPL Financial LLC boosted its position in 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 worth $1,515,000 after purchasing an additional 12,771 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Virtus Global Multi-Sector Income Fund in the 4th quarter worth approximately $1,480,000. Finally, CoreCap Advisors LLC grew its stake in shares of Virtus Global Multi-Sector Income Fund by 8.7% during the 4th quarter. CoreCap Advisors LLC now owns 128,958 shares of the company’s stock worth $985,000 after purchasing an additional 10,375 shares during the period.

About Virtus Global Multi-Sector Income Fund

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.