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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 136,184 shares, a drop of 43.1% from the September 15th total of 239,491 shares. Based on an average daily volume of 128,619 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Focus Financial Network Inc. acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter valued at $76,000. Baird Financial Group Inc. grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 2.0% in the second quarter. Baird Financial Group Inc. now owns 202,214 shares of the company’s stock valued at $1,128,000 after buying an additional 3,953 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund by 688.5% during the second quarter. HighTower Advisors LLC now owns 107,652 shares of the company’s stock worth $601,000 after purchasing an additional 94,000 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Virtus Stone Harbor Emerging Markets Income Fund by 93.9% during the second quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock valued at $117,000 after acquiring an additional 10,184 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.9% during the 2nd quarter. Wedbush Securities Inc. now owns 222,779 shares of the company’s stock worth $1,243,000 after purchasing an additional 18,296 shares during the last quarter.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

EDF stock traded up $0.02 during trading on Thursday, hitting $4.46. 356,384 shares of the company’s stock were exchanged, compared to its average volume of 176,238. Virtus Stone Harbor Emerging Markets Income Fund has a 52-week low of $4.35 and a 52-week high of $5.67. The business has a 50-day moving average price of $5.13 and a two-hundred day moving average price of $5.23.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 16.1%.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol EDF. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations.

The fund’s portfolio may include bonds and other fixed-income instruments denominated in U.S. dollars and local currencies.