Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Up 665.1% in October

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 48,200 shares, a growth of 665.1% from the October 15th total of 6,300 shares. Based on an average trading volume of 81,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A number of large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the third quarter worth about $86,000. Wedbush Securities Inc. lifted its holdings in shares of 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 worth $1,171,000 after acquiring an additional 17,977 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 223.4% in the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock worth $369,000 after acquiring an additional 48,408 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of NYSE:EDF traded up $0.01 on Wednesday, hitting $4.95. The company had a trading volume of 46,589 shares, compared to its average volume of 113,117. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $3.99 and a 1-year high of $5.75. The stock has a 50 day moving average price of $5.15 and a 200 day moving average price of $5.29.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 14.55%.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.