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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 9,875 shares, a decrease of 66.9% from the June 30th total of 29,837 shares. Based on an average daily trading volume, of 41,930 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank grew its position in Virtus Global Multi-Sector Income Fund by 28.9% in the third quarter. Comerica Bank now owns 5,818 shares of the company’s stock valued at $46,000 after purchasing an additional 1,303 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Virtus Global Multi-Sector Income Fund during the 4th quarter worth about $53,000. Bank of America Corp DE boosted its stake in shares of Virtus Global Multi-Sector Income Fund by 176.2% during the 3rd quarter. Bank of America Corp DE now owns 10,440 shares of the company’s stock worth $83,000 after buying an additional 6,660 shares during the last quarter. Kovack Advisors Inc. acquired a new position in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter worth about $94,000. Finally, Van Diest Capital LLC bought a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter valued at about $97,000.

Virtus Global Multi-Sector Income Fund Stock Up 0.6%

Virtus Global Multi-Sector Income Fund stock traded up $0.04 during midday trading on Tuesday, reaching $7.25. The stock had a trading volume of 37,725 shares, compared to its average volume of 40,482. The firm’s fifty day simple moving average is $7.40 and its 200-day simple moving average is $7.57. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.18 and a 1-year high of $8.09.

Virtus Global Multi-Sector Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a $0.08 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%.

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.