Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Shares Shorted: Short Interest Up 124.1% in September

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 239,491 shares, an increase of 124.1% from the August 31st total of 106,887 shares. Based on an average trading volume of 146,735 shares, the days-to-cover ratio is presently 1.6 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of Virtus Stone Harbor Emerging Markets Income Fund stock traded down $0.08 during trading hours on Monday, hitting $4.97. The company’s stock had a trading volume of 114,692 shares, compared to its average volume of 176,017. Virtus Stone Harbor Emerging Markets Income Fund has a twelve month low of $4.72 and a twelve month high of $5.67. The firm has a fifty day moving average of $5.23 and a 200-day moving average of $5.25.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 14.5%. The ex-dividend date is Thursday, November 12th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 688.5% in the 2nd quarter. HighTower Advisors LLC now owns 107,652 shares of the company’s stock worth $601,000 after acquiring an additional 94,000 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 93.9% in the 2nd 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 last quarter. Wedbush Securities Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.9% in the 2nd quarter. Wedbush Securities Inc. now owns 222,779 shares of the company’s stock valued at $1,243,000 after purchasing an additional 18,296 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the second quarter valued at approximately $97,000. Finally, Madison Wealth Partners Inc purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the second quarter valued at approximately $89,000.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

(Get Free Report)

Virtus Stone Harbor Emerging Markets Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol EDF. The fund seeks to provide investors with a high level of current income and, secondarily, capital appreciation by investing primarily in debt securities and other income-producing investments tied to emerging-market countries.

The fund’s portfolio may include sovereign and corporate bonds, loans, and other fixed-income securities denominated in both U.S.

See Also

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