Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Large Drop in Short Interest

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 136,184 shares, a drop of 43.1% from the September 15th total of 239,491 shares. Based on an average daily trading volume, of 128,619 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A number of institutional investors have recently bought and sold shares of EDF. Arlington Capital Management Inc. raised its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 9.1% during the first quarter. Arlington Capital Management Inc. now owns 32,686 shares of the company’s stock valued at $156,000 after buying an additional 2,714 shares in the last quarter. Eclectic Associates Inc. ADV boosted its stake in Virtus Stone Harbor Emerging Markets Income Fund by 2.9% during the second quarter. Eclectic Associates Inc. ADV now owns 127,002 shares of the company’s stock worth $709,000 after buying an additional 3,524 shares in the last quarter. Baird Financial Group Inc. raised its position in Virtus Stone Harbor Emerging Markets Income Fund by 2.0% in the second 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. Ameritas Advisory Services LLC boosted its stake 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 buying an additional 10,184 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 1st quarter worth about $71,000.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

NYSE:EDF traded up $0.02 during midday trading on Thursday, hitting $4.46. 356,384 shares of the stock were exchanged, compared to its average volume of 176,238. The business has a 50-day moving average price of $5.13 and a two-hundred day moving average price of $5.23. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $4.35 and a one year high of $5.67.

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. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 16.1%. The ex-dividend date is Thursday, November 12th.

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, with capital appreciation as a secondary objective, by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations.

The fund’s portfolio may include bonds and other fixed-income instruments denominated in U.S. dollars and local currencies.

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