Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Up 415.2% in March

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 118,500 shares, an increase of 415.2% from the February 29th total of 23,000 shares. Based on an average daily trading volume, of 163,000 shares, the days-to-cover ratio is currently 0.7 days.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 2.7 %

Shares of EDF stock opened at $5.67 on Thursday. The stock has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.40. Virtus Stone Harbor Emerging Markets Income Fund has a twelve month low of $3.51 and a twelve month high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.72 annualized dividend and a dividend yield of 12.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDF. Arlington Capital Management Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 107.2% during the 4th quarter. Arlington Capital Management Inc. now owns 51,394 shares of the company’s stock worth $222,000 after purchasing an additional 26,592 shares during the period. Raymond James & Associates purchased a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth about $45,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at about $53,000. Wolverine Asset Management LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at about $1,284,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 7.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 34,807 shares of the company’s stock valued at $150,000 after purchasing an additional 2,307 shares in the last quarter.

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.