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 recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 340,894 shares, an increase of 101.4% from the May 31st total of 169,261 shares. Based on an average trading volume of 172,153 shares, the short-interest ratio is currently 2.0 days.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

Shares of EDF traded down $0.07 during trading hours on Thursday, hitting $5.54. The company had a trading volume of 77,380 shares, compared to its average volume of 201,474. The firm has a fifty day moving average price of $5.37 and a 200-day moving average price of $5.13. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $4.72 and a 52-week high of $5.67.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Thursday, August 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EDF. Raymond James Financial Inc. grew its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 5.8% during the second quarter. Raymond James Financial Inc. now owns 80,315 shares of the company’s stock valued at $406,000 after buying an additional 4,375 shares during the last quarter. Jane Street Group LLC purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 2nd quarter worth approximately $80,000. Creative Financial Designs Inc. ADV lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 23.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 21,587 shares of the company’s stock valued at $109,000 after acquiring an additional 4,094 shares in the last quarter. One Capital Management LLC bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at approximately $53,000. Finally, Arlington Capital Management Inc. purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter valued at $163,000.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) is a closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in fixed-income securities issued by sovereign, quasi-sovereign and corporate issuers in emerging market countries. The fund’s portfolio is diversified across both hard-currency and local-currency debt instruments, with exposure to regions including Asia, Latin America, Eastern Europe, the Middle East and Africa.