Short Interest in Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Grows By 152.1%

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 64,408 shares, an increase of 152.1% from the April 15th total of 25,549 shares. Based on an average daily trading volume, of 129,538 shares, the days-to-cover ratio is presently 0.5 days.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of Virtus Stone Harbor Emerging Markets Income Fund stock traded down $0.10 during mid-day trading on Friday, hitting $5.23. 113,788 shares of the stock were exchanged, compared to its average volume of 215,828. Virtus Stone Harbor Emerging Markets Income Fund has a 12 month low of $4.72 and a 12 month high of $5.35. The company has a 50-day simple moving average of $5.09 and a 200 day simple moving average of $5.00.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 13.8%.

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

Several hedge funds have recently modified their holdings of EDF. Advisory Services Network LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth $30,000. Wells Fargo & Company MN raised its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 54.3% during the 4th quarter. Wells Fargo & Company MN now owns 9,113 shares of the company’s stock worth $45,000 after purchasing an additional 3,206 shares during the period. One Capital Management LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth $53,000. Landscape Capital Management L.L.C. bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter worth approximately $66,000. Finally, Independent Financial Group LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth approximately $71,000.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

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.