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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 48,600 shares, a growth of 548.0% from the December 15th total of 7,500 shares. Based on an average trading volume of 128,400 shares, the short-interest ratio is currently 0.4 days.

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

An institutional investor recently bought a new position in Virtus Stone Harbor Emerging Markets Income Fund stock. Sequoia Financial Advisors LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,345 shares of the company’s stock, valued at approximately $86,000.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

EDF stock remained flat at $4.98 during mid-day trading on Tuesday. 102,855 shares of the company’s stock traded hands, compared to its average volume of 160,708. The business has a fifty day simple moving average of $4.93 and a 200 day simple moving average of $5.11. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $4.31 and a 52-week high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.72 annualized dividend and a dividend yield of 14.46%.

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.