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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 42,300 shares, an increase of 53.3% from the September 30th total of 27,600 shares. Based on an average daily volume of 37,000 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 37,000 shares, the short-interest ratio is presently 1.1 days.

Virtus Global Multi-Sector Income Fund Stock Performance

NYSE VGI opened at $7.93 on Tuesday. The firm’s fifty day moving average is $7.95 and its two-hundred day moving average is $7.81. Virtus Global Multi-Sector Income Fund has a one year low of $7.00 and a one year high of $8.18.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date is Thursday, November 13th.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in VGI. Envestnet Asset Management Inc. purchased a new position in shares of Virtus Global Multi-Sector Income Fund in the 2nd quarter valued at approximately $122,000. Worth Asset Management LLC raised its stake in shares of Virtus Global Multi-Sector Income Fund by 49.2% during the second quarter. Worth Asset Management LLC now owns 22,207 shares of the company’s stock worth $174,000 after purchasing an additional 7,322 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Virtus Global Multi-Sector Income Fund by 42.3% during the first quarter. Cetera Investment Advisers now owns 28,430 shares of the company’s stock worth $220,000 after purchasing an additional 8,454 shares during the period. Osaic Holdings Inc. grew its position in Virtus Global Multi-Sector Income Fund by 11.4% in the 2nd quarter. Osaic Holdings Inc. now owns 53,803 shares of the company’s stock valued at $422,000 after buying an additional 5,497 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in Virtus Global Multi-Sector Income Fund by 3.9% in the 3rd quarter. CoreCap Advisors LLC now owns 144,358 shares of the company’s stock valued at $1,147,000 after buying an additional 5,400 shares during the last quarter.

About Virtus Global Multi-Sector Income Fund

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.