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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 48,200 shares, an increase of 665.1% from the October 15th total of 6,300 shares. Based on an average daily volume of 81,700 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Several institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at about $86,000. Wedbush Securities Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after buying an additional 17,977 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in Virtus Stone Harbor Emerging Markets Income Fund by 223.4% during the second quarter. J.W. Cole Advisors Inc. now owns 70,073 shares of the company’s stock worth $369,000 after purchasing an additional 48,408 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 0.6 %

NYSE EDF traded down $0.03 during trading on Thursday, reaching $4.91. 59,140 shares of the stock traded hands, compared to its average volume of 113,335. Virtus Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $4.03 and a fifty-two week high of $5.75. The stock’s 50-day moving average price is $5.14 and its 200 day moving average price is $5.28.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 14.66%.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.