Virtus Global Multi-Sector Income Fund (NYSE:VGI) Short Interest Down 49.0% in March

Virtus Global Multi-Sector Income Fund (NYSE:VGI) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 18,100 shares, a decrease of 49.0% from the February 28th total of 35,500 shares. Based on an average trading volume of 39,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Virtus Global Multi-Sector Income Fund

A number of large investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC lifted its position in Virtus Global Multi-Sector Income Fund by 13.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 48,216 shares of the company’s stock valued at $368,000 after purchasing an additional 5,819 shares during the period. CoreCap Advisors LLC grew its stake in Virtus Global Multi-Sector Income Fund by 8.7% in the 4th quarter. CoreCap Advisors LLC now owns 128,958 shares of the company’s stock valued at $985,000 after acquiring an additional 10,375 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Virtus Global Multi-Sector Income Fund during the 3rd quarter worth approximately $98,000. LPL Financial LLC lifted its position in shares of Virtus Global Multi-Sector Income Fund by 6.9% in the fourth quarter. LPL Financial LLC now owns 198,247 shares of the company’s stock valued at $1,515,000 after acquiring an additional 12,771 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new stake in shares of Virtus Global Multi-Sector Income Fund during the 4th quarter worth about $108,000.

Virtus Global Multi-Sector Income Fund Trading Down 0.1 %

VGI stock traded down $0.01 during mid-day trading on Friday, hitting $7.74. 32,730 shares of the company were exchanged, compared to its average volume of 37,221. Virtus Global Multi-Sector Income Fund has a 12-month low of $7.18 and a 12-month high of $8.32. The business has a fifty day simple moving average of $7.80 and a 200-day simple moving average of $7.89.

Virtus Global Multi-Sector Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.96 annualized dividend and a yield of 12.40%.

Virtus Global Multi-Sector Income Fund Company Profile

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.