Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Update

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 18,460 shares, a growth of 86.9% from the July 15th total of 9,875 shares. Based on an average trading volume of 34,087 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 17.1% during the second quarter. Kovack Advisors Inc. now owns 18,049 shares of the company’s stock worth $135,000 after acquiring an additional 2,638 shares during the period. Total Wealth Planning & Management Inc. boosted its stake in Virtus Global Multi-Sector Income Fund by 3.5% in the 2nd quarter. Total Wealth Planning & Management Inc. now owns 46,936 shares of the company’s stock worth $352,000 after purchasing an additional 1,605 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Virtus Global Multi-Sector Income Fund by 106.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 123,258 shares of the company’s stock worth $924,000 after purchasing an additional 63,666 shares during the period. CoreCap Advisors LLC increased its holdings in Virtus Global Multi-Sector Income Fund by 2.1% during the 2nd quarter. CoreCap Advisors LLC now owns 173,428 shares of the company’s stock worth $1,301,000 after purchasing an additional 3,645 shares in the last quarter. Finally, Van Diest Capital LLC increased its holdings in Virtus Global Multi-Sector Income Fund by 46.4% during the 1st quarter. Van Diest Capital LLC now owns 18,046 shares of the company’s stock worth $133,000 after purchasing an additional 5,716 shares in the last quarter.

Virtus Global Multi-Sector Income Fund Trading Down 0.6%

Shares of NYSE:VGI traded down $0.04 during trading on Friday, hitting $7.34. 12,643 shares of the company’s stock traded hands, compared to its average volume of 40,767. The company has a 50-day moving average price of $7.37 and a 200-day moving average price of $7.52. Virtus Global Multi-Sector Income Fund has a 52 week low of $7.18 and a 52 week high of $8.09.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 13.1%.

Virtus Global Multi-Sector Income Fund Company Profile

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.

The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.