Virtus Global Multi-Sector Income Fund (NYSE:VGI) Sees Significant Growth in Short Interest

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 28,000 shares, a growth of 45.8% from the June 15th total of 19,200 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is presently 0.9 days.

Virtus Global Multi-Sector Income Fund Trading Up 0.5 %

Shares of VGI traded up $0.04 during trading hours on Friday, hitting $7.69. The company had a trading volume of 21,440 shares, compared to its average volume of 38,022. Virtus Global Multi-Sector Income Fund has a one year low of $6.68 and a one year high of $7.99. The company’s fifty day moving average price is $7.52 and its two-hundred day moving average price is $7.56.

Virtus Global Multi-Sector Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Monday, August 12th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.49%. The ex-dividend date is Monday, August 12th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC grew its stake in Virtus Global Multi-Sector Income Fund by 3.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 37,607 shares of the company’s stock worth $294,000 after buying an additional 1,331 shares during the last quarter. International Assets Investment Management LLC increased its stake in Virtus Global Multi-Sector Income Fund by 859.6% during the 4th quarter. International Assets Investment Management LLC now owns 46,619 shares of the company’s stock valued at $365,000 after purchasing an additional 41,761 shares in the last quarter. Claro Advisors LLC raised its holdings in shares of Virtus Global Multi-Sector Income Fund by 152.4% in the fourth quarter. Claro Advisors LLC now owns 85,828 shares of the company’s stock worth $672,000 after buying an additional 51,829 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Virtus Global Multi-Sector Income Fund by 56.1% during the fourth quarter. Raymond James & Associates now owns 157,659 shares of the company’s stock worth $1,234,000 after buying an additional 56,653 shares during the period. Finally, 1607 Capital Partners LLC grew its holdings in shares of Virtus Global Multi-Sector Income Fund by 15.4% during the fourth quarter. 1607 Capital Partners LLC now owns 586,724 shares of the company’s stock valued at $4,594,000 after buying an additional 78,100 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Company Profile

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.