Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Short Interest Report for October

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 15,819 shares, a decrease of 58.0% from the September 30th total of 37,670 shares. Based on an average daily trading volume, of 45,724 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

A number of institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Virtus Global Multi-Sector Income Fund by 106.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 123,258 shares of the company’s stock valued at $924,000 after purchasing an additional 63,666 shares during the period. CoreCap Advisors LLC increased its stake in shares of Virtus Global Multi-Sector Income Fund by 11.5% during the third quarter. CoreCap Advisors LLC now owns 193,338 shares of the company’s stock worth $1,305,000 after purchasing an additional 19,910 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Virtus Global Multi-Sector Income Fund during the 2nd quarter worth about $124,000. Kestra Advisory Services LLC raised its position in shares of Virtus Global Multi-Sector Income Fund by 24.8% during the 1st quarter. Kestra Advisory Services LLC now owns 40,577 shares of the company’s stock worth $299,000 after purchasing an additional 8,054 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Virtus Global Multi-Sector Income Fund by 11.4% in the 1st quarter. Stephens Inc. AR now owns 75,159 shares of the company’s stock valued at $555,000 after buying an additional 7,670 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Trading Down 0.2%

Shares of NYSE VGI traded down $0.01 during midday trading on Friday, reaching $6.71. The company had a trading volume of 55,201 shares, compared to its average volume of 42,109. The business’s 50-day simple moving average is $6.92 and its 200 day simple moving average is $7.38. Virtus Global Multi-Sector Income Fund has a 1 year low of $6.48 and a 1 year high of $8.04.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.3%.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the ticker symbol VGI. The fund seeks to provide investors with a high level of current income while also pursuing long-term total return through investments in a diversified portfolio of fixed-income securities.

The fund invests across multiple sectors of the global bond market, including government and sovereign debt, corporate bonds, high-yield securities, emerging-market debt and other income-producing instruments.