Virtus Global Multi-Sector Income Fund (NYSE:VGI) Stock Jumps 0.1% – Here’s Why

Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report)’s stock price shot up 0.1% during mid-day trading on Wednesday. The stock traded as high as $6.64 and last traded at $6.6250. 99,354 shares changed hands during trading, an increase of 140% from the average daily volume of 41,432 shares. The stock had previously closed at $6.62.

Virtus Global Multi-Sector Income Fund Trading Up 0.1%

The business has a 50-day moving average of $7.00 and a 200-day moving average of $7.28.

Virtus Global Multi-Sector Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.5%.

Institutional Investors Weigh In On Virtus Global Multi-Sector Income Fund

Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Virtus Global Multi-Sector Income Fund by 106.8% during 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 last quarter. CoreCap Advisors LLC lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 11.5% in the 3rd quarter. CoreCap Advisors LLC now owns 193,338 shares of the company’s stock valued at $1,305,000 after purchasing an additional 19,910 shares during the last quarter. Worth Asset Management LLC lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 116.9% in the 1st quarter. Worth Asset Management LLC now owns 32,641 shares of the company’s stock valued at $241,000 after purchasing an additional 17,592 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Virtus Global Multi-Sector Income Fund in the 2nd quarter valued at $124,000. Finally, Kestra Advisory Services LLC boosted its holdings in Virtus Global Multi-Sector Income Fund by 24.8% in the first quarter. Kestra Advisory Services LLC now owns 40,577 shares of the company’s stock worth $299,000 after purchasing an additional 8,054 shares in the last quarter.

About Virtus Global Multi-Sector Income Fund

(Get Free Report)

Virtus Global Multi-Sector Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the ticker symbol VGI. The fund seeks to provide investors with a high level of current income while also pursuing long-term total return through investments in a diversified portfolio of fixed-income securities.

The fund invests across multiple sectors of the global bond market, including government and sovereign debt, corporate bonds, high-yield securities, emerging-market debt and other income-producing instruments.

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