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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 6,300 shares, a decline of 93.6% from the September 30th total of 99,000 shares. Based on an average daily volume of 78,500 shares, the days-to-cover ratio is presently 0.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 0.1 %

Virtus Stone Harbor Emerging Markets Income Fund stock traded up $0.01 during midday trading on Friday, reaching $5.01. 46,048 shares of the stock traded hands, compared to its average volume of 114,495. Virtus Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $3.51 and a fifty-two week high of $5.75. The firm has a fifty day moving average price of $5.19 and a two-hundred day moving average price of $5.30.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 14.39%.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

Several large investors have recently bought and sold shares of EDF. Wedbush Securities Inc. lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after buying an additional 17,977 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 148.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock valued at $913,000 after acquiring an additional 104,181 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at about $86,000.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.