Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Update

Virtus Global Multi-Sector Income Fund (NYSE:VGI) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,271 shares, a decrease of 83.8% from the April 15th total of 20,146 shares. Based on an average daily trading volume, of 31,726 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Virtus Global Multi-Sector Income Fund

Several hedge funds have recently bought and sold shares of the business. Comerica Bank increased its position in Virtus Global Multi-Sector Income Fund by 28.9% during the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock worth $46,000 after buying an additional 1,303 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 1.2% in the fourth quarter. CoreCap Advisors LLC now owns 146,133 shares of the company’s stock valued at $1,146,000 after purchasing an additional 1,775 shares during the last quarter. Integrity Advisory Solutions LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 17.1% in the fourth quarter. Integrity Advisory Solutions LLC now owns 13,386 shares of the company’s stock valued at $105,000 after purchasing an additional 1,959 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 5.0% in the third quarter. SeaCrest Wealth Management LLC now owns 48,704 shares of the company’s stock valued at $389,000 after purchasing an additional 2,340 shares during the last quarter. Finally, Founders Financial Alliance LLC grew its position in shares of Virtus Global Multi-Sector Income Fund by 14.9% in the fourth quarter. Founders Financial Alliance LLC now owns 18,526 shares of the company’s stock valued at $145,000 after purchasing an additional 2,404 shares during the last quarter.

Virtus Global Multi-Sector Income Fund Trading Down 0.8%

Virtus Global Multi-Sector Income Fund stock traded down $0.06 during mid-day trading on Tuesday, hitting $7.44. 32,106 shares of the company’s stock were exchanged, compared to its average volume of 43,470. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.20 and a 1-year high of $8.09. The stock has a 50 day moving average of $7.55 and a two-hundred day moving average of $7.74.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Monday, May 11th.

About Virtus Global Multi-Sector Income Fund

The Virtus Global Multi-Sector Income Fund (NYSE: VGI) is a diversified, closed-end management investment company that seeks to provide investors with a high level of current income by investing globally across multiple asset classes. Trading on the New York Stock Exchange, VGI is managed by a team of investment professionals at Virtus Investment Partners who draw on global research capabilities to construct a portfolio of income-producing securities.

The fund’s primary strategy focuses on identifying opportunities in both developed and emerging markets.