Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Shorted: Short Interest Down 73.7% in October

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 8,491 shares, a drop of 73.7% from the October 15th total of 32,224 shares. Based on an average daily volume of 164,772 shares, the short-interest ratio is currently 0.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Up 1.6%

Shares of EDF traded up $0.07 during trading hours on Friday, reaching $4.39. 134,430 shares of the company traded hands, compared to its average volume of 175,660. The stock’s fifty day moving average is $4.77 and its 200 day moving average is $5.10. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $4.16 and a 1-year high of $5.67.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 16.4%.

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

Several large investors have recently added to or reduced their stakes in EDF. Kestra Advisory Services LLC raised its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 50.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 137,239 shares of the company’s stock valued at $683,000 after acquiring an additional 46,054 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth approximately $76,000. Baird Financial Group Inc. grew its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.0% during the 2nd quarter. Baird Financial Group Inc. now owns 202,214 shares of the company’s stock worth $1,128,000 after purchasing an additional 3,953 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 688.5% during the second quarter. HighTower Advisors LLC now owns 107,652 shares of the company’s stock valued at $601,000 after purchasing an additional 94,000 shares during the period. Finally, Ameritas Advisory Services LLC increased its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 93.9% during the second quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock valued at $117,000 after purchasing an additional 10,184 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end investment fund focused on generating high current income, with capital appreciation as a secondary objective. The fund invests primarily in debt securities issued by emerging-market governments, government-related entities and corporations. Its portfolio may include sovereign and corporate bonds denominated in both local currencies and major international currencies, as well as fixed- and floating-rate instruments. Through these investments, the fund provides exposure to debt markets across emerging economies and may use related investment strategies and instruments to manage portfolio exposure.