Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Large Increase in Short Interest

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 340,894 shares, an increase of 101.4% from the May 31st total of 169,261 shares. Based on an average daily volume of 172,153 shares, the days-to-cover ratio is presently 2.0 days.

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

Institutional investors have recently modified their holdings of the company. Independent Financial Group LLC purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth approximately $71,000. Arlington Capital Management Inc. lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 9.1% during the 1st quarter. Arlington Capital Management Inc. now owns 32,686 shares of the company’s stock worth $156,000 after purchasing an additional 2,714 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 21.6% during the 1st quarter. Kestra Advisory Services LLC now owns 137,908 shares of the company’s stock worth $659,000 after purchasing an additional 24,453 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the first quarter worth $190,000. Finally, Tactive Advisors LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the first quarter worth $73,000.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 0.7%

EDF stock traded up $0.04 during trading on Wednesday, hitting $5.62. The stock had a trading volume of 113,349 shares, compared to its average volume of 202,479. The company’s 50 day moving average price is $5.37 and its two-hundred day moving average price is $5.13. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $4.72 and a 1-year high of $5.67.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.