Virtus Global Multi-Sector Income Fund (NYSE:VGI – Get Free Report) 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 daily trading volume, of 39,500 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Total Wealth Planning & Management Inc. acquired a new position in shares of Virtus Global Multi-Sector Income Fund during the fourth quarter valued at $108,000. CoreCap Advisors LLC lifted its stake in Virtus Global Multi-Sector Income Fund by 8.7% during the fourth quarter. CoreCap Advisors LLC now owns 128,958 shares of the company’s stock valued at $985,000 after purchasing an additional 10,375 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Virtus Global Multi-Sector Income Fund in the 4th quarter worth $153,000. Stifel Financial Corp increased its stake in Virtus Global Multi-Sector Income Fund by 51.2% in the 4th quarter. Stifel Financial Corp now owns 106,110 shares of the company’s stock worth $811,000 after purchasing an additional 35,935 shares in the last quarter. Finally, 1607 Capital Partners LLC lifted its position in shares of Virtus Global Multi-Sector Income Fund by 66.5% in the 4th quarter. 1607 Capital Partners LLC now owns 462,083 shares of the company’s stock valued at $3,530,000 after acquiring an additional 184,501 shares in the last quarter.
Virtus Global Multi-Sector Income Fund Stock Performance
VGI stock traded down $0.01 during trading on Friday, reaching $7.74. The stock had a trading volume of 32,730 shares, compared to its average volume of 37,221. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.18 and a 1-year high of $8.32. The firm has a fifty day moving average price of $7.80 and a 200 day moving average price of $7.89.
Virtus Global Multi-Sector Income Fund Dividend Announcement
About Virtus Global Multi-Sector Income Fund
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.
Further Reading
- Five stocks we like better than Virtus Global Multi-Sector Income Fund
- What is the NASDAQ Stock Exchange?
- Why Dollar Tree’s Family Dollar Sale Could Spark a Comeback
- Airline Stocks – Top Airline Stocks to Buy Now
- JPMorgan: The ‘NVIDIA of Banking’ Poised for More Gains?
- How to Invest in the FAANG Stocks
- Buy the Chewy Stock Reversal? Here’s Why Now Is the Time
Receive News & Ratings for Virtus Global Multi-Sector Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Global Multi-Sector Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.